I am talking from a basis of zero knowledge, but my ‘understanding’ is that STO are calling the shots and CVN need to be ready if and when. However I would expect the JV has a clause to the effect that the partner have to work in good faith (I.e. not deliberately stitch the other up).
I got an opportunity the other week to talk with both AC and TN. They both spoke in glowing terms of the relationship they have with STO in both general terms and in relation to the farm out/finance process both are running re Dorado.
Regards the FID slip. FID timing is now largely related to NOPSEMA approval and Finance options.
Ann: Corporate Presentation - Biofuturing Conference, page-5
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