Problem with that is theres no apparent clause to extract Woodside who funded 3D, licence renewal and holding trumps, close to their chest.
Namcor deferring 3D licence approval only creates more delay.
if Woodside snuck in seismic licence clause post option agreement, PCL might have legal grounds to annul post 180 day of final 3D
Another possibility, chevron make a monster discovery and swallow Woodside whole, factoring former talk of T/O
Problem with that is theres no apparent clause to extract...
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