Ann: Contingent Resources Increased by 328%, page-42

I assume that whatever expenses they have had for the project this FY, they can claim this FY. Any expenses incurred next FY can only be claimed at the end of that FY.

That’s my only concern with regards to cashflow, if we going to engage the new mob in July and only pay for it then, we’ll have to wait an entire year to get half of the expenses back. That’s why I thought the program was so well timed initially, as we’d get the rebate pretty much immediately.

There’s ways around it though, for example EXR could pay the new mob in full in June and claim the rebate back immediately