I can’t recall what’s the reason the company saying it’s unnecessary to have PPSA terms locked prior to commencing exploration? Obviously we did that before drilling MK1. Definitely typical practice to lock in terms before committing significant funds and drilling… without terms signed, in a success case the company’s bargaining position weakened after discovery. Agree with you it’s a prerequisite for farm-in, can’t recall why it wasn’t a prerequisite for drilling MK1?
Ann: Renewal of Environmental Impact Assessment Cabora Bassa, page-28
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