yeah I saw that monsters on page 8 of 64, and wondered if someone here would mention it.
I saw something further down that listed amounts...
yeah way down on page 62 of 64 , my bolds.
Chevron transaction summary
•Subject to joint venture approvals, the key work program elements envisaged across the two permits involve an initial exploration program to be followed by pilot production programs
PEL 218 – potential payments
Stage 1 (initial 30%) (1)
•US$36 million cash
•US$95 million carry
Stage 2 (additional 30%) (2)
•US$41 million cash
•US$47 million carry
•Commitment bonus payment of US$35 million
plus
ATP 855 – potential payments
Stage 1 (initial 18%)
•US$59 million cash
Stage 2 (additional 18%) (2)
•US$36 million cash
(1)Vertical wells exclude Holdfast-1 and Encounter-1
(2)Permian section equity interests post stage 2 farm-in would be: PEL 218 (Beach 40%, Chevron 60%) and ATP 855 (Beach 28.9% , Chevron 36%, Icon Energy 35.1%) Note: Chevron has the option to continue or withdraw at the end of each stage
‘US$349 million of potential payments to Beach over several years’
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