I think farmout will come soon, they just laying some extra pressure on the companies for maximum farmout value.
The announcement is basically saying they are prepared to wait for as long as possible as Seychelles increasing in value every day and that they will not be giving it away.
Please note, they are evaluating 4 companies not 2.
They have 2 companies which submitted proposals and they have another 2 multi billion dollar companies who they are having confidential discussions with.
They now have 33 leads for seychelles project. Keeps growing week by week and we will most likely also be getting more acreage in the seychelles
WHL Energy has also been approached by three private organisations with African acreage and these organisations are also currently under active review.
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