De-listing looks to be a precursor for a potential deal in July,...

De-listing looks to be a precursor for a potential deal in July, with Namcor now holding a 17% carry in PEL94 to first oil since the data for equity deal. It is obvious Namcor are hopeful of a deal with a major otherwise there would be no chance of a prospect of first oil

"Regarding the pre-existing 3D seismic data in PEL 0094, in April 2020 an agreement was reached with
state oil company, NAMCOR, to license this key data, which was acquired by previous licensees in
2010. The data covers the Company’s Welwitschia Deep prospect and Marula lead and will enable
precise mapping of these features which will result in updated Prospective Resources and chances of
success for Welwitschia Deep and Marula, and thus should facilitate farmout by the Company. "

"and thus should facilitate farmout by the Company" .......says it all