CVN 0.00% 16.0¢ carnarvon energy limited

Ann: Farmout of Phoenix Blocks , page-2

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    Highlights
    ? Apache will acquire a 40% equity interest and become Operator.
    ? JX Nippon will acquire a 20% equity interest.
    ? The Apache and JX Nippon farmin will collectively cover the cost of drilling the
    Phoenix South prospect (firm) and the Roc Prospect (contingent on result of
    Phoenix South well).
    ? As part of the transactions Carnarvon will receive a payment covering past costs,
    payable on registration of the new permit interests.
    ? Carnarvon and Finder will each retain a 20% equity interest.

    Anyone with an idea on how much the "past costs" that Carnarvon will be paid for are?
 
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