Loyz paid Carnarvonan initial US$33 million for a 20% share in the producing L33/43, L44/43 and SW1A concession and had agreed to pay up to a further US$32 million in future payments based on 12% of its future field revenues.
However, Loyz revealed Monday it had entered into a supplemental sale and purchase agreement with Carnarvon to amend the terms of the 2014 deal.
The
