MAY 4.35% 2.4¢ melbana energy limited

Block 9 $13.5 Billion for 20 years, page-4

  1. 3,599 Posts.
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    Josu7,

    I wouldn’t assume an income quite yet depending on the terms on the PSC. There can be some restrictive terms on incomes pre commerciality. It may be required to reinvest in development/exploration/appraisals until commerciality is declared. Which is fine given the tax and PSC terms and would negate a need to get more capital via cap raise. Anything that avoids dilution and progresses revenues at a later point will be important.

    It’s a pretty tried and tested approach that the old timers would use
 
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