Petro One Energy Corp CUDBF

Do the Koreans owe...

[Larry1952]

1.9 million or 0.9 million by next week?

[Power4Play]

Excerpt from nr: ''Although it did not receive the full $2-million which was due on Oct. 7, 2014, pursuant to its agreement with KMDC, Petro One did receive written confirmation from KMDC that it intends to wire the balance of the funds owing to fulfill its contractual obligations in respect of PP No. 1 within the next 14 days and that it intends to fulfill the balance of its $18-million

[Power4Play]

Clear way to say it is that 2M$ remains to fullfil their obligations. 100,000$ been wired so that is a 1,9M$ that is expected on tuesday and 14M$ in drill fundings. If KMDC doesn't participate further in the PP, it's in their obligations to fund a total of 18M$ in both PP and drill fundings so that will be 15,9M$ due on Nov 5th. See NRs to know what the agreements are in this case.