Ann: PEP 11 Drilling, page-118

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