If I was the managing director of Advent, I would be putting in a third application to NOPTA under the 2.8 (b) clause, 2.13 etc.. This would anticipate what I suspect is a second round of COVID-19 flexibility: "The offshore petroleum Joint Authorities recognise that the COVID-19 pandemic is having a significant impact on the sector and additional flexibility will be required to assist titleholders to manage and plan their way through the current crisis. By offering flexibility the Joint Authority is seeking to ensure continuity of exploration effort, rather than a reduction of effort by way of exemption from work program commitments". COVID-19 Fact Sheet: Work-Bid Exploration Permits (Australian Government, Department of Industry, Science, Energy and Resources). [17/04/2020.] https://www.nopta.gov.au/media/news/2020/20200417-covid-19-factsheet-exploration-permits.html
If Keith Pitt wants to make a mockery of the NOPTA process, then so can we.
"Changes to contractual arrangements with third parties (i.e the inability to secure a staffed vessel) will be sufficient". This is what I want to see.
GBA Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
