Yes, at least contractually; the payments will be modest, periodic and determined by the Oil price at the time of production. So like all income, nice to have but in this case neither sufficient nor consistent to be relied upon for the Ruvuma development budget.... My thoughts anyway
Tranche to be snapped up by Solo , First income days away , Sidetrack , discounted prices to use machinary rugs etc . Jay and Neil great working relationship . GSA signed . TPDC great people wanting the best for us . Happy times .
But, as it happens TT, I too believe something is in the offing - and I mean over and above the Solo decision or a date for commercial production. Though I do think that the date for CP will be the trigger for the announcement of those further developments....
I think everyone is in agreement that Solo would be raving mad not to take their option - the issue is do they have the wherewithall to do so and, if not what course of action will Solo take to find it? AEX allowing Solo to defer the purchase is a possible option but, to my mind will be seen as a negative by the market and will adversely affect the share price.... Only positive confirmation by Solo to buy in without delay will satisfy the market that AEX BOD are actually delivering on "the plan"....
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