RE: Farmout?31 Jul 2020 09:04
Read the RNS under SpotOn:
SpotOn Energy -- offer a new approach to cost effective offshore oil and
gas field development. They target development of offshore oil and gas
fields using their consortium of world leading services providers. The
consortium alignment of interest is intended to keep down development
costs by agreeing deferred payment terms for the project and including
the consortium in equity returns from production. The consortium is
involved in the development planning process from day one and expects to
deliver lower cost per barrel development and operating costs versus
traditional offshore field developments.
It says equity from production