I think it means that they may decide not to renew (relinquish 100% of their share) or renew the permit with its mandatory halving of the permit (50%) which is the norm for permit renewal.
The present permit partnership is 50% PBR, 25% MEO, 15% CUE and 10% MOG. The other PPs will have to decide whether or not to continue with their share and obligations in the permit.
PBR is the real question mark and it is up to all the PPs as to howthey will go about further exploration and study of the permit.
#:>))
MEO Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
