RE: RE: RE: RE: RE: RE: MY thoughts on MNAP/MNP an Santos still has not exercised their option for the Tajik areas, as I understand. If they exercise their option and take their 70% interest then they must complete 53~ million of exploration work on the property? Is that something near correct?
With the kyrgys property is Santos responsible for a certain dollar amount of exploration as well? I recall reading something like 70 million, though I could be mixing up the Kyrgystan and Tajikistan projects.
The last news release said that the completion of the profit sharing agreement was the last step to completing the requirements for the Santos farm into Tajik. My understanding is that if Santos does not exercise the option within a certain time period (6 months? 1 yr?) from the PSA agreement then their option becomes void?