For us the real question is if RRE has an escape clause. That would mean we don't actually have 28M$ in the bank. We also need to know if RRE make the FID decision, which I believe they do. That is somewhat a conflict that a private company decide on behalf of a listed company if so.
Why would RRE not speed things up to get maximum relief before the election? Perhaps a dose of cold feet? Trying to change the minds of politicians is a lost cause. At least before the election. Maybe a chance after.
Ann: UK Southern Gas Basin - Operational Update, page-4
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