EXR elixir energy limited

Ann: Farmout of Mongolian Assets, page-35

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    We do have info on who the farminee is with. It's in the announcement.


    APPENDIX 1 - Disclosures of Farmin Agreement key terms per 4.15 of Guidance Note 8:
    1. Equity to be earned by farminee under the Farmin Agreements - 51% in each of Elixir’s
    Mongolian gas and renewables assets.
    2. Farmin work to be paid for by farminee – for both assets, all costs up to FID.
    3. Farminee: Gobi Terra (UK) Limited – a private UK company controlled by Mongolian
    business interests.
    4. Operator of farmin work - farminee. Operator post farmin work - farminee.
    5. Joint venture agreements for each business will be standard Shareholder Agreements typical
    for oil and gas IJVs.
    6. An additional key feature of the farmins are the matching call and put options summarised
    above, capable of being exercised upon FID.
 
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