I think we will find out very soon. Larry needs to pull a rabbit out of the hat before the AGM and with the expiry of the Mauritanian block it could be an interesting few weeks ahead. From a PR point of view you would want to release the bad news first.
Does anyone have any idea when the licence for Block C19 expires?
This was from a RNS dated 10th April 2012: "The Contract consists of an initial three year period, during which Chariot has agreed to reprocess the existing 2D seismic datasets and then to carry out a 1,600km2 3D seismic survey. Following the results of this work, Chariot may then elect to move forward into subsequent phases of the Contract which would involve the undertaking of exploration drilling activities."
'although the option has expired it is not impossible that Woodside could still up the ante, recent data provided to them hasn’t been fully assessed yet I understand.' Malcy ... Feels like clutching at straws to me ...
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