IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Gas Sales Agreement to Deliver Power to Eureka Gold Mine, page-166

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    When deal is signed it will be for a prescribed amount of gas for X amount of years a prescribed rate per day.
    If the calculations and estimations of the volume and extent of content of gas available there is no reason why we cannot sell to anyone else.
    As we drill more wells and bring them into production then it would be natural for the incumbent contracts to purchase more offtake before selling it to other potential buyers.
    Don't get bogged down in specifics at this early stage, but I can virtually say that Mbuyu will have first rights in regards to MK2, but in saying that I would say that all parties concerned will have been in great amount of discussions before a MOU was signed.
    As I said in regards to MK2, if correct we could supply to both Mbuyu & Eureka.
 
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