Pretty simple why Cujo....the operator does not have title certainty. Not even you can say they have, regardless of how little hope you think they have. Imagine a government that granted a 25 yr exploitation approval to an operator who in a few short months could discover they don't own the 35% legally? I know for some bizarre reason you don't think breaching a contract is against the law.....if it wasn't then JOA's would be worthless. The government would look like complete numpties if they ignore their own dispute resolution method in this case and passed the exploitation plan before getting some idea of where its headed. I said this weeks ago that FID would be delayed and you howled me down.....well guess what. I'm not happy about it but its not unexpected to me at least. Wonder why WPL have not informed the market its been delayed?? Yes night follows day and some are happier to spend their time in the dark....step out in to the light Cujo..... Oh and maybe try telling me what other reason their could be for the delay given CNE's commentary right up until September.
FAR Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held