Providence Resources - Re: PVR Stream Log - Can anyone explain if this...

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Re: PVR Stream Log
20:00 08/03/2017
Desperate
0 replies 0 0

Can anyone explain if this is correct - Cairn are going to pay 45% of up to a maximum of $42m so $18.9m max, which would mean if there is an overrun in costs PVR pick them up or is an overrun shared pro rata to ownership? Basically have Cairn cleverly capped their exposure to $18.9m no matter how much drill costs?

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