What a crock announcement from CUE.
OMV appear to have muscled into this development.
The outcome could have been caused by one of two reasons.
1. Did they give them an option of if OMV is not in then you cannot use Maari facilities (they control 69%).
or
2. HZN and CUE were relying on a better cashflow from Maari that has not been coming in recent times and they could not afford the additional exploration costs in the near future.
Will we even know.
farmout of pep51313 - new zealand
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