decommissioning cost AU$28.7 million (CHJV 100%)
PGY do the heavy lifting ongoing day to day running from 2025 CCS ....TEG get pretty much free carry 42.5% going forward from then ....
.. pushes above Decom off for many more years as otherwise ... plan B TEG needs to pay decommissioning cost of $22mill+ when oil flows reduce to uneconomical levels 2024 ?? unless mega millions in development drilling of other prospects ...(any oil isn't going anywhere maybe 2035-40 they start to produce oil again ...as Green dreams lead to $200bbl +oil
Ann: PGY: PGY & TEG agree to restructure Cliff Head JV Interests, page-20
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