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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by kdcalgary74on Jan 19, 2012 11:01am
352 Views
Post# 19421637

RE: ShaMaran Press Release.

RE: ShaMaran Press Release.

these contracts all have minimum work commitments that describe level of work to be done and minimum cash to be invested. I assume the $25MM ties to that minimum cash spend commitment. If work is not done, such payment is required prior to relinquishment. I believe it is as simple as that.

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