Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FARM-OUT , page-10

re: Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FA... I think I have found it out after making a little bit more investigation.

Yes, PGS will have to pay the 20% of any cost.
PGS will have to pay $8m for the Stage-1 and then another $8 for the Stage-2

It is obvious on Origin Energy's table which was giving on their anns, today.

See Origin says they will contribute $32m for the Stage-1, while it is shown as work program expenditure (not only by Origin though) as $40m on PGS's ans Senex's table below. (while Senex is clearly stating they are free carried)

If that is correct, how would PGS make those payments?

Each one of them is about its market cap!

ORIGIN'S TABLE

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PGS'S TABLE

SENEX'S TABLE