how long?, page-82

  1. 1,653 Posts.
    Hi Bukka... Not sure I understand the question? Why would you compare it to a miner? If you can clarify I'll try and answer.

    If helps, as I understand PSCs they work effectively like a farmin for the 35 gas/25 oil split but with the right to recoup most of the capital expenditure from first profits before the split kicks in. Prabu is effectively that farmin partner committed to all capex in exchange for the split.

    I'm not even touching the issue of tax here as that complicates things quite a bit.
 
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