I have confirmed the way it works is due to cost guarantee of the whole project, BCP gets reimbursed all the amount with a production/rem fee being payable on the production of Bentara. Further upside possible on production form other fields Importantly, Roc feel they have acquired very valuable knowledge on the geology of the area which may prove very valuable in the future
on the production guidance, Roc want to see how Beibu performs, thus the wide range of prod guidance, as time progress, degree of confidence on production will improve which may result in guidance changes
ROC Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held
