Interesting 60-180 payment terms after cost recovery. We might be able to keep drilling with the cash reserves the company has.
This might explain how Sherrit had a substantial amount of receivables built up and probably a fair bit beyond 180 days. I wonder how AP will negotiate with Cupet on payments so that drilling can be continued to increase production. I suspect sherrit might want in on the project at some point with a deal on drilling wells.
Slow And Steady, page-65
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