Agreed and they have clearly spelt out the conditions of the long stop date - "The long stop date will be 180 days from fulfilment of both (a) CGG providing to Pancontinental this final remaining deliverable, and (b) Pancontinental providing to Woodside a license to the PEL 87 3D seismic data (authorised by joint venture partners and the MME, as required). Woodside does have the ability to exercise its option at any time prior to the long stop date."
I can't imagine the latter being an issue, therefore we're really just waiting on CGG. Having said that, WDS can exercise its option at any time regardless.
In the meantime, bring on those next Mopane, Jonker, Venus and Mangetti results.
PCL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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