Below is a quick summary of the new PSA which replaces the 2008 PSA.
Perhaps part of the story could be that the TPDC wanted to impose this new PSA (which applies to the current bid round for the offshore blocks & North Lake Tanganyika block).
If so, then a US$2.5 million signature bonus etc.. might have complicated the negotiations & contributed to PVD exiting, seeing as they are now committed in 3 other countries plus an outstanding licence application in Egypt.
It will be interesting to see how all this pans out - I'm not writing off Eyasi until SWE says it's all over!
SWE Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
