CGX FINANCIALS: RECOVERABLE CONTRACT COSTSNot sure if anyone noticed section 9 of the Unaudited Interim Financial Statement - it seems the Corentyne Block has $155M of recoverable contract costs.
In the event CGX makes a discovery on Corentyne - they are allowed to reclaim a significant portion of these monies through their PPL (petroleum prodcution license)...
Hence, the cost recovery of $155M may play a role in the JV discussions...