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re: Diving deeper on Standard Lithium?
Posted on 4/4/24 at 9:43 am to Fe_Mike
Posted on 4/4/24 at 9:43 am to Fe_Mike
I am a little unclear on the leases, these are structured like traditional O&G leases correct? Deadlines on progress to production or the lease is voided?
If so the leases aren't worth anything and Exxon can just wait SLI out and pick them up when get forfeited due to lack of progress.
If so the leases aren't worth anything and Exxon can just wait SLI out and pick them up when get forfeited due to lack of progress.
This post was edited on 4/4/24 at 10:33 am
2
Posted on 4/4/24 at 9:59 am to GREENHEAD22
quote:
If so the leases aren't worth anything and Exxon can just wait SLI out and pick them up when get forfeited due to lack of progress.
It wouldn't be a waiting game in this scenario.
The options (in the pro-case) are either SLI developing the project and being a competitor to Exxon or Exxon buying them out.
ETA: and to answer the lease question, I'm also unsure as to the obligations for development - haven't read the actual lease terms
This post was edited on 4/4/24 at 10:01 am
Posted on 4/4/24 at 10:43 am to GREENHEAD22
If I remember right these leases have long extensions available if no production, like 5-10 years. Will look for what I’m remembering
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