Well project.30 Apr 2024 19:07
We have so much to come.
On completion of GOI approval signature.
3 New wells to be drilled.
3 wells to be revisited.
CCS project.
On top of that we have cash in the bank and more bonuses to come.
Β· 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.
Synergia will do us all well.