risk/reward outstanding, page-11

Oke, it's based on gas/oil produced.

In the event of production of oil from the Tanzanian
Licence, Ndovu (and its assignees) may recover
certain expenses from the oil produced (Cost Oil). Oil
produced in excess of Cost Oil, Profit Oil, will be shared
between Ndovu and its assignees and the TPDC on a
sliding scale as follows:

TPDC share Ndovu and its
assignees share
0 – 12,500 bopd 50% 50%
12,501 – 25,000 bopd 55% 45%
25,001 – 50,000 bopd 60% 40%
50,001 – 100,000 bopd 65% 35%
Above 100,000 bopd 70% 30%

When I spoke to KR after the WSS permit was awarded he indicated that the PSA for Nyuni was similar to all permits in the area.