"FAR’s deadline to exercise its farm-in option will be the later of 31 October 2016 and execution of the Government Arête approving the completion of the current period work program commitments. The 3D seismic program acquired by FAR allows Trace Atlantic to meet these work program commitments and is
pending Government approval which will not be unreasonably withheld."
This was the last significant statement on the DJ block from FAR, so somewhere between then and now Trace may have not met it's all its obligations even though 3D was provided and lost the lease, whatever, approval for Trace appears to be withheld for a reason.
Cheers Whisky
AGM questions, page-60
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