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+--- Thread: Phil Says GVT option Way to Early (/showthread.php?tid=2059)
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RE: Phil Says GVT option Way to Early - Putncalls - 11-20-2012
Does PNG get 22.5% of Triceratops and an option for more?
RE: Phil Says GVT option Way to Early - Palm - 11-20-2012
At this point Tri is only at the point of being declared as a location. The gov is always entitled to "up to 22.5%" of a petroleum project. Until Tri gets further along we won't know much. Per the O&G Act the gov can propose going above the 22.5%, but that price must be at a commercial price. What they do with EA will help clear some of the fog.
RE: Phil Says GVT option Way to Early - Putncalls - 11-20-2012
Thank you Palm. I tried to get that info from RJ today and it was "a dance".