CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Thailand Asset Sale Agreement - Additional I, page-3

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  1. 2,163 Posts.
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    re: Ann: Thailand Asset Sale Agreement - Addi... A sixth "*" has been overlooked-
    *Current production (1200 -1400 bopd) to rise to 3000 (30/6/14) and 5000 (12/14).
    Looks like the 2 parties are both anticipating that this will happen,and NEEDING for it to happen for LOYZ to meet the further amounts due to CVN after the initial $36.5m.
    Failure to meet these expectations likely to reduce the total price per a formula agreed upon,I would say.
    Comments,please.
 
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