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suspension: possible dispute re the US$7.5m due to TPET under the terms of the FOA. The cash flow RNS stated those receivable funds would "probably" be offset vs. drilling costs. A gusher would 'probably' have required that offset, but not the dry hole. GALP may be arguing that those funds should be offset against initial costs - rather than costs in excess of the free carry of which there may be none as the hole was dry. US$7.5m equates to c. 1.8p/share or 75% of the last closing SP, which would help! And then there's the US$3m bank guarantee.... IMHO & DYOR and we need some luck!!
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