Speculation was correct. We got 12 blocks which have been merged into two licenses. We got the most awards out of all companies who applied.
We also partnered again with Dana Petroleum (Korea National Oil) so it appears that we will have secured additional charge out revenues for one of the licenses. This will extend our capital runway even further.
The mention of the licensing round in the Quarterly makes plenty of sense now. Management hold their cards very tight to the chest and really only publicly discuss things when there is certainty around it happening.
Incredible work by the FDR team, they just keep getting better and better. A little luck with farm-outs and we could be looking at a serious re-rate runway for the SP
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/
https://www.nstauthority.co.uk/regulatory-information/licensing-and-consents/licensing/
