So, am I reading this right?
Flow test oil and proving the resource would not come under the PSC.
The PSC is invoked once production oil is flowing.
All production oil is sold to CUPET.
CUPET take their percentage of oil under the PSC after costs of the oil production are recovered.
CUPET then pay the JV (MAY and Sonanglo) the value of the remaining oil at the USGC HSFO rate, payment terms 90-180days.
So my concern is valid on CUPET's ability to pay for the oil?
- Forums
- ASX - By Stock
- MAY
- Slow And Steady
Slow And Steady, page-63
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.3¢ | 2.4¢ | 2.2¢ | $43.35K | 1.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 3305868 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 47904 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45426 | 0.023 |
16 | 4223434 | 0.022 |
14 | 1235442 | 0.021 |
19 | 2575836 | 0.020 |
5 | 924660 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 45427 | 1 |
0.023 | 247904 | 2 |
0.024 | 1296042 | 10 |
0.025 | 2488709 | 11 |
0.026 | 2175955 | 4 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
MAY (ASX) Chart |