RE: Transformation, Transformation, Transformation5 Jun 2020 14:52
"As previously announced, the term of the Trinity Inniss Incremental Production Service Contract ("IPSC") was extended to allow for the implementation of the CO2 Pilot Project.
The Company's interest in the Trinity Inniss field benefits from an agreement with Predator Oil and Gas plc ("Predator"), whereby Predator will help plan and fund the CO2 EOR Pilot Project (the "CO2 pilot project"). As part of the agreement with Predator, the Company and Predator share 50:50 in any incremental oil production (after Predator recovers its costs associated with the project). Additionally, Predator has the right (until 30 September 2020) to purchase the Company's interest in the Trinity Inniss field for US$4.2m. "
is LLL on about this (could be in the bag) IPSC.....................?
All the best (thanks LLL, new investors will like this ;()