And a bit more info on the financial side just this week up on...

And a bit more info on the financial side just this week up on the Octanex website

Quote -
OPSB will be compensated by PETRONAS on a quarterly basis, anticipated to commence following the end of the December 2017 quarter, from the proceeds of Ophir crude sales. Compensation will comprise reimbursement of capital costs, reimbursement of operating costs and remuneration fee, in that order.

Advances by Octanex and other shareholders to OPSB are subordinated to OPSB’s project financing arrangements. Octanex’s entitlement to payments from OPSB will take effect following repayment of the project finance and will first be in the form of repayment of shareholder advances and then in the form of dividends.

Octanex may be required to redeem the SIP convertible note facility from the proceeds of payments received from OPSB; alternatively, SIP may elect to convert the SIP convertible notes into Octanex shares (the facility is comprised of three equal tranches of notes with conversion prices of $0.15, $0.20 and $0.25).