If my experience at Max Petroleum (small AIM oily located next to RXP) is anything to go by then the usual procedure is that the company gets to place the well on trial production for between 6-12 months during which time they have to sell all the oil to the domestic market (less profit) whilst they apply for Full Field Production license. Once the FFP license is granted (which is usually is) then they get to sell 80% on the international market and 20% on the domestic market (so more profit overall since the domestic market is sold at a discount to international prices).
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