The para below is very important for TEG SH. This is a great deal done by RT.
"The terms also state that after the farm-in wells have been drilled, Triangle will recover the payback amount through the entitlement of 87.5% (based on the company holding a 50% interest) of production from L7 for the first two years of commercial production.Thereafter, the company will be entitled to 75% of L7 production until the payback amount has been recovered"
The Pumper.
Ann: Triangle Signs Farmout at Mt Horner, page-13
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