https://www.pesa.com.au/cairn-clarifies-timeline-sne-oilfield-development/
Yes that is correct. CNE guidance : FID within 12 months of submission of exploitation plan. The guidance still had wiggle room of a few years due to uncertainties. In the normal course of events licence extensions are applied for as required. I dont think you could say the JV were not fulfilling commitments.
Ann: Quarterly Activities and Cashflow Report, page-119
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