Gas and Minister Patterson
In case there is any excess Gas, the Contractor is required to carry out a feasibility study regarding the utilisation of such excess and has five years after the submittal of the Development Plan within which to submit the feasibility study.
Moreover, if the Contractor believes that the excess Gas has commercial value, he is entitled, but not required, to make further investment to utilise such excess. Moreover, the Contractor may then negotiate “improved terms” for the development of the excess.
In so far as non-associated gas is concerned, the Agreement requires the Contractor to notify the Minister of any Non-Associated Gas discovery and whether the Contractor thinks that such gas is of commercial value. The Contractor may then propose revisions to the Agreement to enable the Contractor to receive a commercially competitive return on investment for development of the Non-Associated Gas.
As you would appreciate Mr. Patterson, it is not as simple as you think. I am asking that you be very careful with all those mistakes you keep making since they have serious consequences.