royalty claim dispute, page-2

Cheers occam,

I found the following and what your saying is right.

THE CANNING BASIN ROYALTY DEED

Permits: EP371, EP390, EP391, EP428, EP431, EP436, R1 (8% participating interest only) and L15 (12% participating interest only)
Buru and Mitsubishi each (50/50) pay FZR a Royalty on all ‘Petroleum’ recovered from their 6 JV Permits

Royalty 2% of the gross value of the Petroleum at the well head. Interpretation of this is in dispute (payers are currently reducing the value by 50% to match deductions used for the State Royalty)

http://fitzroyriver.net.au/index.php/investor-center/asx-announcements/33-fzr-june-2013-presentation/file