Breakdown of the Total selldown payments

[Crippsfl]

Correct me if I am wrong but aren't the 3 appraisal well offset against the first resouce payment?

Hi Cripps,

IOC will be drilling the 3 appraisal wells and will be compensated up to 40 million for each well.  If the drilling goes over this amount then the costs are shared based upon the ownership % in PRL 15 (same for the discovery bonus well - except the limit is 50 million).   These payments are in addition to all the payments listed in the above table.

H&H,

Hemi

Thanks Hemi for theclear and concise table.  It really puts the deal in focus