Corp - I think the debt question was addressed. the question about the PSC is an interesting one and increasingly material -> I think from looking at ssk migas site the PSCs get rolled, but as the sengkang was an early psc then there is little precedent. So it is a risk - and I think the answer is dont pay for it - which will cap the value of the company. Gilmore is a bit of a sideshow at present.
Ann: Project Financing with DBP Philippines , page-15
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