The term for ROP was from Oct'11 to Oct '15 & they were reqd to drill a well, shoot 3D on that block.
Term for SOSP on the other hand runs till Dec 2017 & requires 1 contingent well.
A1 & A4 tenure was from Nov14 to Nov16.
All there in AfrPet's Annual report for 2015 (pg 29, table 1 License Summary).
As part of the permit award, a signatory bonus is to be paid to the govt for the Initial Research Period. After this ine can seek an extension termed as First Renewal & then Second renewals.
In Feb 2012 FAR paid USD5mil as surety bond to the govt for the start of its Second Renewal Period that ran for 2 years till 2014. They drilled Fan1 & SNE 1 that year & met their obligations.
These days in Oz we have the use it or loose it clause for companies sitting on permits for year & not developing a field. They can seek renewal/extensions to their permits/Licenses (ie RL).
- Forums
- ASX - By Stock
- FAR
- Report : APCL Farm out to TOTAL
Report : APCL Farm out to TOTAL, page-95
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5356 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 59999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30878 | 0.500 |
1 | 30000 | 0.495 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 69690 | 1 |
0.530 | 30000 | 1 |
0.535 | 30000 | 1 |
0.540 | 52471 | 2 |
0.550 | 82295 | 3 |
Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |