RRS 0.00% 0.1¢ range resources limited

Not sure how much of the Landocean contract is known about but...

  1. 112 Posts.
    Not sure how much of the Landocean contract is known about but the numbers are big and the term set down as eight years , with 15% cut in profits. If the google translate can be understood and the link works, have a go guys.

    http://translate.google.com/translate?depth=1&hl=en&nv=1&rurl=translate.google.com&tl=en&u=http://www.cninfo.com.cn/finalpage/2014-05-31/64087809.PDF

    Page 2
    LandOcean National Petroleum Technical Services Corporation (hereinafter referred to as the "Company" or "Hengtai Epps "or" contractor ") and Range Resources Limited (hereinafter referred to as the" Range "or" Range Company ") has on 21 April 2014 in Beijing signed a" strategic alliance letter of intent. "By Negotiations, the two sides in May 29, 2014 signed the "General Services contract." Now the major Progress of the contract notice as follows: First, the main contents of the contract According to "General Services contract," LandOcean shall Range provides oilfield project in Trinidad Exploration and development of integrated services. The country is currently in development yield three blocks and two exploration projects Range Company Blocks, is the country's largest onshore operators. The following is the main content of the contract: (A) the contract amount Both sides expect total orders under this contract is four hundred million U.S. dollars (lowercase: USD 400,000,000.00), This amount can be adjusted according to actual needs, specific tasks will be agreed by the order. (B) the duration of the contract This contract since May 29, 2014 came into force, the contract is valid for eight (8) years, as both side

    Anterra Energy have already given up around 22% ownership to get Landocean oil services and introductions to Asian finance so there is some transparency from looking at Anterra.

    http://anterraenergy.com/anterra-completes-7-million-financing-with-landocean-2/
 
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