Bigdaddy, From your original post
"I think you will find that the production from a sole risk well belongs to the sole risk party either exclusively or up to a predetermined limit giving them a return on their investment. "
From your current post
"JOAs normally prescribe the limit of that extraction but if it was silent they could take up to 50% of the reserves"
I will leave you to work out the difference between these two statements. In the meantime I will bow out. I see no point in being dragged down to your level and then being beaten by experience
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-296
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