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Of course the "or not" is the most important part of the ann. If the side agreement is not signed the PF will not execute the agreement. Then there will be no farmin partner. MEO will go alone.

Because MEO is not the original holder of the tenement, any farmin agreement executed by MEO, can be overrided by the original permit holder of the tenements if necessary steps are not taken by the JV partners. There is sample case in Ampla's web site -but re. minerals- about this situation. So JV partners should make side agreements with the other releveant parties. The lawyers who are expert on this kind of farmin/JV agreements know a lot about these issues.

Which I don't understand why they didn't do those things before the "outcome" announcement. Or isn't it that simple? I said this management is not competent but they can't be so bad. I am really confused.