LKO 0.00% $1.00 lakes blue energy nl

Ann: Papua New Guinea Legal Update, page-3

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    At least they look to have won this legal battle. Let's hope Victoria is next!!

    Lakes Oil N.LASX AnnouncementPapua New Guinea UpdateHighlights:

    • Judicial review of the PNG Petroleum & Energy Minister’s purported cancellation ofPPL 560 was scheduled for 17 May 2019.
    • The Petroleum Minister’s legal counsel has advised that the cancelation will berevoked.• Judicial review has been adjourned to 7 June 2019 to allow parties time to finalisesettlement arrangements.
    • Confirmation of PPL 560 tenure will allow resumption of exploration activity and willmake the judicial review unnecessary.
 
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