RE: Ruvuma PSA terms10 Nov 2018 16:02
15% of develolement costs, any idea what this covers?
1) cost going forward after PSA is signed ?
2) costs since day 1 when it Tullow, Aex show and first well Likonde 1 drill?
Solo joined the party for NT1 back around 2011, tullow AEX and solo spent many millions, Tullow leaves the part and aex and solo spend many more millions.
The money spent on the licence since day 1 15% will be tidy sum to solo for their portion.
Any long time holder kept a record of the costs in Tanzania ?