NT has been awarded already.
We are waiting on the govt to grant the block.
Unfortunately the govt have to wait for a 28 day appeal process. If all goes OK the block could be granted in approx 2 weeks.
As operator OBL can then start cash calling other parties and get the ball rolling.
OBL can also farmout to super majors if they wish. Remembering Derby block is funded for OBL for at least 12 mths.
petrochina and the canning, page-7
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