Under
the
new
settlement,
UK-registered,
Phillippine-focused
Forum
Energy
will
pay
a
total
of
$12
million
to
Basic
Energy
to
settle
all
outstanding
claims
over
the
sale
and
purchase
deal
for
assets
in
the
NW
Palawan
area.
The
total
includes
$10
million
awarded
by
the
Arbitral
Tribunal
and
$2
million
in
an
additional
compensation
settlement
over
production-based
payments.
Forum
Energy
has
already
paid
$7.6
million
of
the
first
$10
million
and
will
pay
$2.4
million
once
the
agreement
has
been
executed.
A
further
$1
million
will
be
paid
within
six
months
and
the
final
$1…
