RE: Farmout14 Jun 2022 18:11
That's Interesting. Going forward we will get our drill monies back if we hit. Better hit then.
Thereafter costs will paid for on a pro-rata basis (i.e. Clontarf would need to contribute 10%). Any such further contributions from Clontarf would be made as a loan to be repaid from proceeds from any future production or the sale of the asset.