Djiffere Dispute, page-68

Great i was hoping you would say trace is the only one that can change psc i knew that i just wanted you to say it because now you know where the hold up came from trace not far why because they are broke.secondly the psc states two things that are crucial 1)option to earn 75% in block by drilling one well before 31/07/18 2)the farmin option can be exercised by far anytime before 31/10/16 in EXCHANGE of the farmin option FAR shall fund a 3d survey. Now we can argue all night about this but i believe that far has done everything they had to to this stage.Far havent and cannot ask for an extension they done the 3d before 31/10/16 which means they have the right to exchange the farmin option for the 3d now all they have to do is drill a well before 31/07/18 which earns them the 75% equity.Dont forget gov approvals needed and dont forget far has not and cannot extend time frame of psc only trace which obviously has done and which are responsible for the delay