Anywhere from 1 - 180 days from when the Seismic Licence is approved and issued by PCL to WDS. Effectively that is when Woodside have up to 180 days to take up the option.
One would have thought that the Seismic Licence would/should have been in progress a while back but why the hold up, who the f*ck knows.
I am wishfully thinking that there is a lot of other deals being negotiated behind the scene that is causing the delay. I also think that WDS don't/won't want to take this to produiction so will be looking to off load some of their percentage.
All speculation but it is, what it is...
Cheers,
Rooey
General Thoughts, page-3995
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