Hi Epaka,
The deal is becoming more known as in Eucha shoals being part of the equation.
Regarding the timeline.
We have an option with shell to extend the liquids production period by three years to 2024. Without the extention,debt financing of Crux may be more difficult to acheive.
If you go back through announcements there was a comment by Mr Fowler that this would be beneficial for the development of Crux.
The option fee is payable upoun Final Investment decision [fid] by end of Dec 2011.
Hi Epaka, The deal is becoming more known as in Eucha shoals...
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