It's because there is "merit" according to what? Certainly not...

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Flambeau

6,365 Posts.

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07/02/23

09:55

Post #: 66111166
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Originally posted by Justadabble: ↑

I don't really understand why you cherry pick form the report, the full extract shines a different perspective:-

NOPTA does not consider Asset’s internal board issues and dispute with parent entity MEC asforce majeure circumstances as outlined by paragraph 2.13 of the Guideline. Nevertheless, theseissues have impacted on the direction of the exploration strategy and the timing to plan and drillan exploration well.The decision to withdraw the previous application in late 2019 resulted in PEP-11 entering PermitYear 4 and the titleholders committing to drill less than four months from the end of that permityear. This decision left insufficient time in Permit Year 4 to deliver an exploration well,and thereis merit in provision of additional time to enable drilling.

Furthermore, the NOPTA risks document clearly highlights the risks of applying policy inflexibly, which the PM dutifully ignored. It would be unwise of Madeleine King to ignore these risks IMO.

NOPTA's final word on the application is as follows:-

NOPTA advises that Asset's variation request is reasonable and is in accordance with the Act andthe Guideline that relates to secondary work program variations.

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It's because there is "merit" according to what? Certainly not Force Majeure... I think NOPTA made an error there, I can't see how they do have merit on any basis.

The question is, if it isn't a force majeure then how do they have merit for an extension? and on what basis? If it's just on the vibe or the "feel"... lol then I think NOPTA might be the real Dennis Denuto.

Furthermore, it was hilarious in the ~31 January 2022 advice that NOPTA claimed they were the ones that originally identified the Force majeure problem in 2020, trying to take credit for it lol... what suck ups.

Last edited by Flambeau: 07/02/23

GBA Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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