Yes. I believe that's correct.
The money is a guarantee, made out to the Tanzanian Govt/Ministry of Energy/TPDC or other appropriate entity.
Use it to drill, or lose it.
In this case, use it within the period or lose it.
Once issued, consider it spent, as the money can't be offset for other projects/spending.
Yes. I believe that's correct. The money is a guarantee, made...
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