Couple of interesting points from the 2014 announcement:
- The payment of an option fee to Strike by Austral Bricks as a gas pre‐payment, conditional only upon the PEL 96 joint venture proceeding with a pilot production test project.
- Austral Bricks can then exercise the option when a decision is made by the PEL 96 joint venture to proceed with development of the Project.
Ann: Execution of GSA - Brickworks, page-8
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