as we know, Cxo submitted the draft EIS in early November. The draft EIS was available for public comment and government review up to 14th December. Comments are then provided to the proponent (Cxo). I am sure we have received these comments.
the next step is for cxo to submit a supplement to the EIS. The timeframe for this is at cxo’s control. I’ve seen some assessment reports where the proponent submitted their supplement just one month after public comment period ended. I’ve seen some where it took the proponent 4-5 years to do this.
so right now the ball is in cxo’s Court. The NTEPA is waiting on us and our supplement (which is better than us waiting on them). The NTEPA will prepare an assessment report within 35 days of receiving the supplement EIS, and will let us know our fate. I am EXTREMELY CONFIDENT we will get the nod of approval.
So in answer to your question, given that in cxo’s Latest presentation the timeframe for environmental approvals is by June, given that it is already mid March, and factoring in the maximum 35 days the NTEPA has to prepare an assessment report, I would say we will submit our supplement EIS sometime in the next 4-5 weeks.
IMO
GLTAH
CXO Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
