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Production License (AC/L9) to Retention Lease -Do you understand...

  1. 1,185 Posts.
    Production License (AC/L9) to Retention Lease -

    Do you understand this? If so, is that significant?

    I understood that we will not hold license to produce anymore. If it is a retention lease, then GOV or LESSORS can let someone else to share this area. AM I WRONG?

    This is one of terms of JV. If JV is not sucessful, then what will happen to us?
 
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