12-14-2013, 03:52 AM
(This post was last modified: 12-14-2013, 03:53 AM by efi426hemi.)
The above table also needs to be updated with (however I don't have the time):
- 2014 3rd quarter - Fixed Payment - 40 million for drilling first Appraisal Well in E/A
- 2015 - Fixed Payment - 80 million for drilling 2 Appraisal Wells in E/A
- 2015 - Fixed Payment - 50 million for drilling discovery bonus well
- 2016/2017?? - 100 Million for every Tcf found in discovery bonus well greater than 1 Tcf
Health & Happiness,
Hemi