Outstanding deal - both financially & politically. TOTAL are huge & CNOPC ensure a market, pipeline access and will be politically valued by Tajik as a buffer from Mr Putin.

TPL retain a 28% stake in the PSC with discounted contribution of $8.9m to 2 yr $80m development program. Deal due to close during Q1 resulting in $60m cash to fund accelerated development of other assets - detailed report on plans coming in 'early Q1'.

 

Merry Xmas holders...