sale of zola/bianchi prospects., page-198

Prefer that to furious disagreement.

Re the gas contract sale - I don't see why not - be just like a VPP where they get paid in advance of production. Needs either a firm buyer or a middleman marketer to step up and take production and TAP to guarantee that volume (hence the name I guess as Volumetric Production Payment). Quite popular in the USA.

see VPP
http://www.investopedia.com/terms/v/volumetric-production-payment.asp


I fail to see the downside (esp @30cps) unless Manora is in trouble but their FY results confirmed that there was no troubles reported on revised costs/timeframe and if known now has to be disclosed.

Weird.