RE: Am i missing something?10 Nov 2019 13:19
Personally, I don't label you as a ramper or deramper. You've accepted we've been awarded the licence through the JV with Sundagas, and I understand what you're trying to clarify. The way I look at it is this, we're entitled, as is Sundagas, to take on the licence through 3rd party and you're asking what do we have to pay to accept our ticket. So far I don't believe we have to pay... but that'll have to be clarified... Secondly, and MORE importantly, IF there is a fee to accept the licence award, (which we don't receive but the 3rd party does), it'll be a standard fee which is minimum, ( I would've thought), and only be 33% of the fee in its entirety .
The way I see it is that it would be stupid not to pay the minimum standard 33% of the fee for our share of what could possibly be the upside of nearly 10 Billion cubic feet of gas, (That's our approx 33%... and NOT 33% of that figure). We Don't pay for the works as the banks have already agreed to finance the project.