Hi Q,
I understand that TEG have $1.4m held in an escrow from the PSC sale, however:
- When does TEG expect this to be released? and
- When will additional payment be made to TEG? e.g. production royalty on new developments (is this intended?) on the PSC and the cost recovery payments?
Excuse me if I have missed something, I am interested as this will provide additional revenue to TEG - hopefully management don't spend it all down at Vans café though. To their credit they are doing a lot better than the years before.
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- Ann: Completion of Sale - Pase PSC
Ann: Completion of Sale - Pase PSC, page-8
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