Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FARM-OUT , page-6

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  1. 4,285 Posts.
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    re: Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FA... I have read PGS, SXY and ORG announcements a few times, but couldn't see in anywhere that PGS is free carried in this JV!

    Does anyone have a clue about it?

    Senex clearly states that they will be free carried for $185m of work program on their anns.;
    "Senex is free-carried for its share of the first $185 million of work program, with Senex, Origin and Planet having the option to contribute a further $67 million on a participating interest basis"

    BUT PGS does state anything like that! I don't understand, they have to be clear on those things.
 
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