TEG 5.00% 2.1¢ triangle energy (global) limited

The para below is very important for TEG SH. This is a great...

  1. 1,157 Posts.
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    The para below is very important for TEG SH. This is a great deal done by RT.


    "The terms also state that after the farm-in wells have been drilled, Triangle will recover the payback amount through the entitlement of 87.5% (based on the company holding a 50% interest) of production from L7 for the first two years of commercial production.Thereafter, the company will be entitled to 75% of L7 production until the payback amount has been recovered"


    The Pumper.

 
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