Not sure that I agree with that idea ..... the 180 days, from my understanding, was to begin after the reassignment of the 3D licence to WDS. Maybe legally, WDS have no 3D rights to the data unless that transfer occurs and that may diminish PCL's position of power/rights/ownership in PEL 87, when that transfer occurs which, in my opinion, WDS would be ensuring that they dot all the i's and cross all the t's legally as they did with FAR in the past. If the Namibian Government are struggling to cope with the massive increase in paperwork that they have experienced since the discoveries by Total, Shell and Galp and all the newbies wanting to get drilling and seismic permits approved, the government may not have sufficient qualified staff to process the applications. Remember the delays that NWE suffered dealing with the WA department when applying for the drilling licence. It took over 12 months to get it through.
PCL Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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