The first additional exploration period will run from 23 January 2024 to 22 January 2026, with an
associated work commitment to drill one exploration well (or, if a drillable prospect is not identified,
acquire either 500 km2 of 3D seismic data or 1,000 line kms of 2D seismic data). Pancontinental will not
bear financial liability for any future non-performance by the PEL 87 Joint Venture associated with the
minimum exploration expenditure commitments of the first additional exploration period.
My take on this statement is that WDS have told PCL that they are in.
The first additional exploration period will run from 23 January...
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