The $31M bonus was dependant upon "success" at A1. PBR's decision to drill followups 2 and 3 are not, and should they decide to go again, with agreement from operator MEO, then MOG and CUE will have the option of paying up their share or forfeiting their interest in the permit.
MEO 5%
MOG 10%
CUE 15%
Still hard to fathom how it went from 12tcf (P90 8.1tcf recverable)to 0 in one fell swoop. Gutted.
the master manipulator !, page-15
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