"The long stop date by which Woodside Energy must exercise its option to farmin to PEL 87 will be 180 days from the date upon which Pancontinental delivers to Woodside an instrument in the form of a Seismic License"
Very clear that is is PCL that has to deliver the seismic license to Woodside. It's not a matter of what woodside is doing but that PCL hasn't delivered the license. Is meeting in mid-November (about as clear as anything is with PCL) what was expected when we were given the 6-8 weeks about 3 months ago?
Nothing new or exciting in this to help the SP but I didn't expect there to be either. Just more call for patience.
We all need to put in proxies (not to the chairman) and vote NO - NO - NO to let PCL know how pissed off we are at basically no progress in 18 months.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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