Hi jakspara,One gas pre payment that sticks in my mind was Arc...

Hi jakspara,

One gas pre payment that sticks in my mind was Arc Energy (which a part of was spun off to create Buru Energy (BRU)) when Alcoa pre paid them A$40 million back in 2007 for gas yet to be even discovered in the Canning Basin in WA. This agreement was terminated in July 2015 with Buru having to repay the remaining amount from Ungani oil field production (Ungani wasn't discovered until 2011).

The article below is from the SMH and link as well.

IMO, a gas prepayment from a consortium of industries in Zimbabwe and the region is certainly not out of the question to provide IVZ with the necessary funding to fully fund the Mukuyu 3D, deepening of Mukuyu-2/ST1 into the Lower Angwa and required flow testing.

GLTAH
Cheers
VOGC

Arc signs sales contracts with Alcoa (smh.com.au)