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Ann: Namibian Ministry Sign Off On PEL 87 Licence Extension, page-30

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    This is good news of course, but this is not something that will have caused any delays to an offer from a major. An offer can simply include this as a Condition Precedent to completion of the farmin transaction. Note that we are also yet to see an offer for a farmin or sale of any of our neighbours, so I wouldn't get hung up on the timing just yet. Plenty of time.

    FYI - the Petroleum Commissioner recently had a baby which is part of the reason for the delay in formal approval as she plays a role in the process.
 
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