in place a little over 3 months: -
12 September 2016 DYL made the Marenica announcement:-
https://quoteapi.com/resources/da9866271f9d0071/announcements/dyl.asx/6A789966/DYL_MEY:_Marenica_and_Deep_Yellow_Enter_Technology_Licence_Agree.pdf
then 31 December 2016 quarterly report it was all over
Marenica Energy Ltd - Tumas Project Test Work Programme CessationFollowing a detailed review of the Company, carried out as a result of the changeover of management as announced on 24 October 2016, a decision was made to terminate all test work related to the Marenica involvement in the Tumas Project. The active engagement with Marenica has ceased, to accommodate the new priorities that have arisen with the strategic growth plan developed for DYL.
If the MEY u-pgrade technology was proven on a commercial scale and worth anything of substance you would see it reflected in the MEY shareprice - right now it’s worth about zippo in my opinion
Take over target, page-42
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