Full Carry

Full Carry

When considering two futures contracts on the same commodity with two different delivery months, a market in which the price for the contract with the later delivery equals the price of the contract with earlier delivery plus the cost of storing the underlying commodity for the remaining period of time. For example, suppose the price of a July expiry futures contract on gold is $995 per ounce and the cost of storing it for a month is $5 per ounce. In a full carry market, the price of an August expiry futures contract on gold would be $1,000 per ounce. A full carry market is also called a full carrying charge market.
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Following the First Transfer, if Tullow elects to participate in the drilling of an exploration well on the Cooper Block, Tullow will be transferred an additional 15% working interest in the Block, in return for a full carry of Eco Atlantic's share of costs to drill an exploration well on the Block which is capped at $53 million.
A cash consideration of approximately $A212 million is being secured from Santos when the Bonaparte joint venture was formed, and has received a full carry on study and development costs by GDF SUEZ.
The full carry on the well costs is comparable to other deals in surrounding permits, but the level of refund of past costs far exceeds the amounts agreed in these same deals.
Apache has agreed to pay for a portion of TAG's direct costs incurred to date, as well as providing TAG a full carry on three phases of operations to a maximum agreed cost in each phase.
Holiday victory Owner Padraig Coffey spends more time in Lanzarote than in his native Portarlington but made the trip to Greenmount to see the appropriately named Half Full carry his colours to victory in the opening maiden hurdle.
Pacific Rubiales Energy to undertake a full carry obligation on the exploration activities for the Sabanero Block, with reimbursement by means of free cash flow derived from future hydrocarbon production.
Pacific Rubiales Energy to undertake a full carry obligation of up to US$120m for exploration activities in the SSJN-9, CPO-17 and Muisca Blocks.
Apparently he asked her to help put his tent up - an anecdote that Katie Price would have milked for its full Carry On potential but which passes here without so much as a raised eyebrow.
The gap in between is pitted with bunkers so again a full carry to the green is essential.
Under the terms of the farmout agreement, Gran Tierra Energy will remain operator and will retain a 40% working interest in the block, and will receive a full carry on the cost of the drilling of the Popa-2 exploration well, which is expected to be drilled in the second quarter of 2008 near a non-commercial oil discovery made by Gran Tierra Energy in 2006 with the Popa-1 well.