So I've been doing a bit of looking into L7 and found it has a 10% royalty attached - is this still valid? I cant find anything to an expiry etc. If this was still valid, is it under the typical rate payable in the basin at the moment for new licenses?
Ann: NZO: NZ OIL & GAS EXECUTES PERTH BASIN FARM IN AGREEMEN, page-65
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