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$3m coming into bank from beibu project, page-4

  1. 1,125 Posts.
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    Good news,

    That is $3 Million now and $3 Million later.

    Following receipt of this approval by the Joint Venture, FAR expects to receive the

    ((US$3million second tranche payment))

    from the sale of its interest in the project on satisfaction of certain regulatory matters.
    A

    ((third and final tranche payment of $3million))

    becomes due to FAR on the project producing 1 million bbls oil (gross).

    Vx.
 
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