Northern is seeking US$14.6 million to satisfy a deferred payment related to the field's proven plus probable reserves as of 31 December 2014 under the terms of the farm-in agreement signed in 2010 when Tap acquired a 30% stake in the field.
However, on Thursday Tap said, based on an independent assessment by Netherland, Sewell & Associates, the deferred payment owing to Northern is just US$1.3
