RE: How is this not at 0.09?24 Oct 2024 11:04
Don't forget with targets hit we get this. Plus Selans option to join us on the Cambay CCS project.
· 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.
· Selan has the option to participate in the Cambay CCS scheme on terms to be agreed