palta as seen by whn, page-3

Shell holds a 100% working interest in Palta-1 WA-384-P.

Octanex holds residual rights in each of the permits WA-384-P, WA-385-P & WA-394-P in the form of discovery paytments and royalties as well as rights of reconveyance.

The size of Palta-1 is reported as being greater than 13.5tcf of gas if hydrocarbons are in place.

So what will this mean for OXX?

I would love to know what the discovery payment would amount to and what kind of royalties they could receive. Does anyone know this?