Hello fellow australian shareholders.
I just thought about how the conditions of awaited farm-out agreement would be and came to following:
1. ADX farms out Dougga and Lambouka, new operator would be company xx with a 45% stake
2. ADX keeps 15%
3. ADX gets a one-time payment, approx. 20 million USD
4. ADX would get an additional 20 million USD in the case, company xx would be granted a license for exploration and further commercial development
5. If commercial production occurs, ADX will be entitled a royalty over all revenue received from the oil/gas produced and sold.
Now if some of you think "hey I read that somewhere" then I have to say you are right. Above points are extracted from NGEs sell of PPL 277 and changed a bit to fit ADX situation.
Best regards,
Oki-Wan 2.0
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