unfortunately I tend to agree with this. The option is a cost effective way to have the pel bookmarked/held for them, while they observe what’s happening in the region (Which effectively derisks it further as they learn more). Smart imo from wds perspective . However, once that seismic license is signed, they will finally be ‘on the clock’ (I suspect this is imminent). Seismic results will speak for themselves (positively or negatively ). Eerily quiet trading today, enjoying the suspense!
General Thoughts, page-5279
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