Hi HungHing
thank you for posting this - made me feel alot better.
I think what the announcement is saying is that the JV would have breached condition of their renewal back in 2012, or whenever it was, for not drilling (YEAR 4 of the work program).
The latest announcement has said that:
Meaning that the JV had to drill prior to Feb last year - using COVID as an excuse - "The pandemic acted as a force majeure event" (Go use a dictionary if you don't understand).
They have now applied to have that condition extended for two years - meaning next Feb.
I think this is just part and parcel of the NOPTA approval process.
Bring on next week.
DYOR, IMO
Regards
Not-So-Scared Pratta
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