RE: SNPC payment16 Aug 2019 12:47
So are Aaog still in negotiations for SNPC to hand back equity in exchange for writing off any funds owed?
For March
“SNPC has also asked the Company to re-open negotiations to exchange a portion of SNPC's equity interest in the Tilapia field in exchange for the forgiveness of the remainder of the debt outstanding once agreement is reached. SNPC has confirmed that it intends to continue making the monthly payments during the negotiation, and on that basis the Company has agreed to restart negotiations.