Sally, the slide for contract details of SC54 is clearer in the 6th of September announcement. It is a standard agreement for Philippines. The one note though is the 6th of September slide has a point that the SC54A has $150m in recoverable cost, my understanding is this comes out of the 70% portion so SGC gets a large proportion until the total sunk cost of a 150 million dollars is recovered.
Some more information on the Nido assets would be helpful though.
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- Ann: September 2021 Quarterly Activities and Cash Flow Report
Ann: September 2021 Quarterly Activities and Cash Flow Report, page-79
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