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kingpindg

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kingpindg

Re: Tamtam post# 268787

Monday, 12/31/2012 12:09:55 PM

Monday, December 31, 2012 12:09:55 PM

Post# of 367195
tamtam, this may answer your question...


Contractor to carry Government participation interests of up to 20% during exploration phases and upon commencement of development and production, Government may elect either directly or through an appointed Agent to convert the carried interest to a fully paid up participation.

http://www.cbcglobal.org/images/uploads/library/KIS2012_Oil__Gas_Exploration_Minister_for_Energy.pdf
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