Strikerevealed on Wednesday that AGL had paid all of its past cash calls in relationto PEL 96, adding that both companies had also contributed their respective share of the cash calls for the forthcomingfracture stimulation and flow testing programme.
Strike announced last week its intention to assume AGL’s interest in theblock after it claimed it had funded nearly A$1.5million (US$1.4 million) of outstanding cash calls which AGL had not paid in accordance with a2008 joint operating agreement.
AGL’sparent
