Original announcement -
Sonangol to fund 85% of all costs associated with the completion of these two wells
and to earn a 70% participating interest in Block 9
Melbana to remain operator and fund 15% of these two wells and to retain a 30%
participating interest
Sonangol to pay Melbana’s past costs of approximately $5 million, largely covering
Melbana’s forecast funding commitment to these two wells
Hopefully SPP with some options attached
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Original announcement - Sonangol to fund 85% of all costs...
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