also worth considering about galoc, page-2

The whole topic of crude oil trading is interesting and complex and not one that I fully understand. Many shareholders probably would agree with that but ask the question, "who cares anyway?" However when it comes to cash flow, such issues as parcel size, offtake frequency and when the partners in the project actually receive revenue from produced crude are suddenly very interesting. I have heard various takes on the issue, ranging from "NDO and OEL have to wait until the 5th lifting" to "they will receive revenus from the first or secind lifting". Interestng topic for debate!