Not sure if this was brought up in previous posts, but will thrown in this recent ann from APCL a couple of days prior to WPL's ann...
http://www.africanpetroleum.com.au/system/files/press/APCL Extension to Exclusivity Period - FINAL.pdf
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7 June 2017
Extension to Exclusivity Agreement -
Senegal and The Gambia African Petroleum provides the following update to its previously announced non-binding heads of terms ("Heads of Terms") and a binding exclusivity agreement ("Exclusivity Agreement") with a well funded, listed oil and gas company with a strong track record in offshore deep-water drilling.
African Petroleum and the incoming party have been working together to finalise negotiations with the governments of Senegal and The Gambia, to continue due diligence and negotiate farm-in documentation.
Whilst good progress has been made to date, the period of exclusivity in the Exclusivity Agreement has been extended for a further six weeks until 20 July 2017 in order to ensure there is adequate time to complete this process. The Heads of Terms and Exclusivity Agreement provide a framework for the incoming third party to secure a 70% operated interest in the Company’s SOSP production sharing contract in Senegal and the A1 and A4 licences in The Gambia.
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