I have a question re COE’s 25 to 30% equity interest spread across 6 permits in the Cooper Basin.
For example, COE owns a 30% stake of PEL93 ( Worrior and Arwon wells ) and STU owns the other 70%.
Worrior 1 and 2 are 70% STU and 30% COE but Arwon is 88.2% STU and 11.8%COE.
Why the difference in share??
Does this mean that farmin agreements are quite complicated affairs and the simple 30 / 70 % split in this example can mean a lot of different things?
comments anyone please
farmin agreements??
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