Drilling down further into the report there's thisThe PL...

Drilling down further into the report there's this

The PL allows
the joint venture to produce from the
Dorado Licence Area and continue to
explore for, and appraise, any additional
petroleum within the area.

Importantly, the terms of the PL also allow
for the production of petroleum from other
areas, such as the recently discovered Pavo
oil field, creating the potential for significant
upside where other petroleum resources in
the Bedout Sub-basin are produced using
the Dorado facilities (see figure 1).

Not sure exactly what this means. Does it restrict exploration and production to just those finds that can be tied back to the Dorado/Pavo facility? How far away can a tie back be? I assume exploration (but not production without a PL) can continue in the Bedout.