AEM has now been advised by UPT that negotiations regarding finalisation of the terms of the proposed PSC are at an advanced stage. It is anticipated that the new PSC will have a term of fifteen (15) years. On submission of the agreed form PSC to the Indonesian Minister of Minerals and Energy, we anticipate that the PSC will be executed within ten (10) working days, at the discretion of the Minister.
10 working days,
The wheels are in motion...... Finally,
Looks good
Ann: Wailawi Oil And Gas Project , page-3
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