CEO has exercised it right to purchase the leases. We still need...

CEO has exercised it right to purchase the leases.

We still need to raise capital and confirn the leases have been transfered from the vendor to CEO. This has yet to be done so the deal is not done and dusted.

There has been some delay since the last update and the market is starting to wonder if something has gone wrong.

Has either party breached the agreement? Until CEO releases an announcement stating the leases are in CEO's holding name and drilling starts, I would hesitate to say its all "done and dusted".

The only thing done and dusted is the due dilligence!