Phil Says GVT option Way to Early

[Putncalls]

Does PNG get 22.5% of Triceratops and an option for more?

[Palm]

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.

[Putncalls]

Thank you Palm. I tried to get that info from RJ today and it was "a dance".