RE: Profitjock- in the bin for spouting BS!!2 Feb 2026 09:43
· Nations will pay WNEL a consideration which includes US$16 million for its 75% PI, to be settled in three tranches of US$5 million, US$4 million, and US$7 million, the first to be paid out on meeting certain conditions precedent expected by 1Q2026, the second tranche to be paid on completion of the Transaction expected by 3Q2026 and the third at the date of first commercial production expected in 4Q2027, respectively.
· WNEL is entitled to recover 75% of its agreed historical costs in the PSC after repayment of the CLA.