The pair have agreed to reduce the price for natural gas from the Liwan 3-1 and Liuhua 34-2 fields to a rate of between C$12.50 – C$15 (US$9.54 – US$11.44) per thousand cubic feet, at current exchange rates.
The price adjustment will have an effective date of 20 November 2015 and the settlement of outstanding payments will be calculated at the new rate.
“The
