Our licence expires in approx 6 months. Theoretically we need to shoot 3d in that time frame or risk not getting extended because we are not compliant in our contractual obligations.
So we probably need to farmout in next month, organise a 3d and at least commit to doing a drill to get a licence extension beginning next year when our current one expires.
Alternative is to try and get some sort of waiver/change of contractual obligations for our existing licence.
They can't wait 12 months for a farm out.
Ann: Placement, page-28
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