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Ann: FAR obtains additional 10% interest in Gambian blocks, page-28

  1. 5,719 Posts.
    lightbulb Created with Sketch. 1600
    Sorry ele but I suggest you Google 'signature bonus Oil'

    Briefly it is an early form of royalty on oil and gas blocks received by governments for assigning permits.

    I have never seen a signature bonus be paid to a company.

    But this is a classic example of poor wording by FAR which can be interpreted either way by a lay person.
    Last edited by rollacoaster: 01/10/19
 
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