Below was taken from Northcote RNS. Jay appears to have allowed Northcote a much easier payment scheme. That appears suggest that Aminex will be comfortable monet wise and do not need to squeeze Northcote otherwise he could of made things very uncomfortable for them.
"The proceeds of the Placing will be used to complete the infrastructure upgrades at the The Company is also pleased to announce that the per barrel production payment obligation (as agreed under the terms of the farm-in with Shoats Creek Development, Inc.) is to be adjusted from US$10 per barrel of oil equivalent (where natural gas volumes are converted based on 22 thousand cubic feet of natural gas per barrel of oil equivalent) to the following:
· US$2 per barrel where WTI1 is less than US$45 per barrel;
· US$5 per barrel where WTI is in the range of US$45 per barrel to US$65 per barrel;
· US$10 per barrel where WTI exceeds US$65 per barrel
Total consideration for the production payments payable to Aminex plc by Northcote and its partners remains $4.5million ($3.15 million net to Northcote)."
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