GGP 0.00% 0.6¢ golden gate petroleum ltd

gem funding

  1. asf
    9,887 Posts.
    And after the repayment is done, there is a further obligation for royalties to GEM- and who knows how long that goes on for:

    "Thereafter a royalty of 5 per cent of gross production income is payable to Gemini until in aggregate Lochard has received payment for 20 million barrels when the royalty falls to 2.5 per cent until 95% of reserves have been produced
    when the royalty falls to zero."

    This is on page 5 of the LHD Annual Report, linked above, if anyone wants to check it out (I don't hold LHD, either).
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.