JV agreement has nothing to do with the PSA.
All parties that have a WI [ the JV parties ] will have to pay their share based on a sliding scale, my assumption from reading other PSA agreements.
I have posted here several time a link to resource contracts where Mozambique have a PSA with Total that anyone can read.
My point is if the gov get greedy IVZ do NOT have to sign it they will so I take it that IVZ believe its in line with international/regional norms.
IF the seismic comes in a 10TCF we won't need to pump anything.
I will be too busy getting suitably shitefaced on some roof top bar in Melbourne at the expense of OTP and The Dark Lord.
To be honest my biggest concern is not getting to 50c its gettin out of Melbourne......
