You get 100% of your capex back at the beginning from the initial cashflow before any production sharing.
So whatever Cue's capex was, they get it all back up front at the beginning. So initial cashflow will be 100% of everything until it is recovered, then production sharing after that. Will be a stack of cash coming to Cue in 2013 from Wortel.
sampang psc, page-9
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