FAR 1.00% 49.5¢ far limited

Cost of acquiring A2 and A5, page-6

  1. 2,530 Posts.
    lightbulb Created with Sketch. 509
    Hi folks. Thanks for that work OFL

    Quick question if I may please

    The FAR announcement mentioned Meridian. Was that a typo or have I missed something?

    "Under the terms of the farm-in agreement, Meridian is to acquire an 80% working interest and become the Operator by making an upfront payment of US$5.18 million and funding up to US$8.0 million of ERIN’s share of the cost of an exploration well. If ERIN’s share of the exploration well costs is less than US$8.0 million then the balance is to be paid in cash."
 
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