we still drill in september - firb or no firb, page-23

Management can not be planning a Dec spud because that leaves them no room to move. Sep is far more likely. This timing issue is why MEO are the operator.

The slowness in FIRB is most likely because PBR put the application in late. Hence, we have no idea when it is going to occur. I suspect that MEO have a fair idea and that is why they are saying no comment as others have suggested to try and limit the fallout.