I'm sure this isn't the first time such payments from our steadily diminishing cash reserves have been made, BUT I still don't like such 'bid bonuses', esp to countries with governance histories like this one....
'Karoon expects to complete the acquisition of Block S-M-1537 during the December 2017 quarter upon execution of a concession agreement in Brazil, at which time Karoon will pay a total of $8 million in a non-refundable bid bonus and will provide a refundable Work Program guarantee bond to the ANP of $2.5 million. The work program Karoon will undertake consists of seismic acquisition and geological studies.'
I'm sure this isn't the first time such payments from our...
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$1.74 |
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Mkt cap ! $1.393B | |||
| Open | High | Low | Value | Volume |
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