POsitives8 Feb 2024 08:45
1, As part of the Farm-Up arrangements, TIMOR GAP will make a cash payment to SundaGas of c.US$1 million to cover back costs within 30 days.
2. Henceforth, TIMOR GAP will be responsible for paying 20% of all costs in relation to the PSC, including the drilling of the planned Chuditch-2 appraisal well.
The Big Funding JV partner still to be announced is the "big one" which will probably go some way to determine the route to market pathway.
The talks, with President Horta in London , will have a bearing going forward and will be revealed in due course.
Andy Butler seems to have his ear and respect..
SP is a cheap buy, imo