one trick pony, page-2

Reading back the RNS's about the magna deal I think ive read it may be delayed if both parties agree.
We have received the payment for 10% but the 5% payment will only be issued once Indian gov give approval.
Hence the reason for the placement as Ron said in an interview that the 15% would cover the cost of the drill.
As I read it and i may have this wrong but oilex would only issue shares for 10% as the extra 5% is on condition of approval by Gov.

Without seeing the contract its seems a little vague as to what might happen but I guess all will become clearer over the coming days.