Offshore petroleum and greenhouse gas storage act. Section 264,...

Offshore petroleum and greenhouse gas storage act.

Section 264, 2AA, A

This section states, the JA may have regard to whether financial resources are sufficient to carry out works on the permit lease.

It may explain why Mmr, buy, bph and advent have all raised funds recently.

Looking at the legislation you need the funds to get an approval.

Maybe this is why the delay from the ja, the group was not funded, especially mec.

Maybe all partners, not some need to prove there finances.

Mec has basically been doing nothing for years.

Something made them do something.

Anybody no where Mec is at on the cash?

I know buy, advent and bph are all sorted.