RE: Gap fill23 Nov 2020 11:30
Just noted my post was taken down it looks like , but the details set out below:
The Farm-Out will see Aminex carried for up to US$35 million of its share of costs associated with the development of the Ntorya Gas Field, effectively carrying the Company through to material gas production in Tanzania. On completion of the Farm-Out, the Company is due US$5 million cash consideration and will also receive US$1.97 million in back costs payable in six monthly instalments.
So expect monthly updates to advise that $328,300 has been paid by APT