Does anyone have any information regarding if TEG will receive any further funds this financial year from the PSC sale agreement?
US$25 million in aggregate"; and
As per the ann, 16/02/2016:
- "production royalty on new developments on the PSC equal to 5% of EAI’s profit share
(excluding cost recovery) up to a maximum of US$2 million per annum and capped at
- "up to US$7 million in cost recovery payments in respect of existing sunk costs from past
expenditure in the Pase PSC A and B fields".
Ann: Completion of Sale - Pase PSC, page-6
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