I understand this:
On the basis of the2015 NSAI report, Tap calculates an additional reserves payment of $4.60 million to NGPH during 2016 based on the Operator’s 2P reserves estimate for the Manora oil field as at Dec. 31, 2015 (2P Reserves Deferred Payment). This is in addition to the $1.31 million Reserves Deferred Payment calculated for the reserves as at Dec. 31, 2014.
But what does NGPH owe to Tap? for what?
Ann: Share Purchase Plan Offer, page-28
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