For clarification, Harmattan Energy sold its 37.06% to Chevron for their entry into PEL 90.
Trago farmed down its 52.94% to Chevron for a 10% free carry from Chevron through the 3D seismic and first well drilled- most likely in 2H 2024.
Trago Energy is 49% owned by Sintana Energy SEI.V and Sintana through its 49% interest in Trago Energy has a 4.9% free carried interest in the 3D Seismic and first well that Chevron drills.
https://www.globenewswire.com/en/news-release/2022/10/04/2528042/0/en/Trago-Energy-Namibian-Affiliate-of-Sintana-Completes-Transaction-in-Respect-to-Its-Interests-in-PEL-90.html
Harmattan and Trago PEL90, page-3
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