hi needle
read a bit about this one as well. the unfortunate word is "may"
"if a development plan for the Unit Area has not been approved ... within six years after the date of entry into force of this Treaty [that is, 23 February 2013] ... either Party MAY notify the other Party in writing that it wishes to terminate this Treaty, in which case the Treaty shall cease to be in force three calendar months after such notice is given."
East Timor Government have not alternative so they will not walk - what else are they going to do... It then comes down to Woodside. This one is an ugly stalemate. It costs blow out in Australian imagine what the costs would be to do a greenfield development in East Timor....
TS = Woodside? Not sure on this one
- Forums
- ASX - By Stock
- MEO
- greater sunrise deal prior to 23 feb, 2013
greater sunrise deal prior to 23 feb, 2013, page-3
-
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online