RE: Medway4 Dec 2024 12:10
From RNS dated 14th Feb.
Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.
· Synergia will be entitled to bonuses of up to US$ 9 million, linked to future cumulative gas sales thresholds being achieved as follows:
o US$0.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 5 Bcf;
o US$1.0 million, if cumulative gross gas sales from the Cambay PSC exceeds 10 Bcf;
o US$1.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 15 Bcf;
o US$2 million, if cumulative gross gas sales from the Cambay PSC exceeds 35 Bcf; and
o US$4 million, if cumulative gross gas sales from the Cambay PSC exceeds 70 Bcf.