Hate to bring up galoc nth again (sorry dargie) but the only possible reason for a delay in confirmation imo only of course is that they are having trouble getting the nod from one or some of the other partners. The next biggest holder after otto is Galoc production comp 2 pte ltd which holds over 26%. I believe that company belongs to a Risco Energy based in Singapore. A quote from Epert yesterday on the OEL thread from previous public announcements would seem to back this up as OEL and NDO are as keen as mustard.
"Proposal issued to the Galoc joint venture partners for an exploration well in the northern field area currently awaiting joint venture approval.
An update will be provided as soon as available."
Hate to bring up galoc nth again (sorry dargie) but the only...
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