The Transitional Federal Government of the Republic of Somalia has provided Consort with written approval with regards to the validity, operation and effect of the Puntland Agreement subject only to
"amendments being made to the Contract of Work to reflect the constitutions of both the Puntland and Transitional Federal Governments."
The Company views these amendments as more mechanical in nature and does not foresee any major problems in satisfying the regulatory approvals required as conditions precedent under the Heads of Agreement.
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