Royalty was for just first shipment...
1.25% of 328,000 barrels (4100 barrels x $107AUD = $440,000 approx)
We've had two shipments definitely, 3 quite possibly.
$1.3million and counting.....hopefully some confirmation of increased flows to come.... If next cheque doesn't arrive until 1 April, should be around $2.5 million assuming no changes to current production and stable AUD/Tapis. Hopefully by then the royalty will merely fund the Cobra discovery party.
Happily frustrated.
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