Billy - I'm supposed to be working at the moment but you got me reading the PSA notes in the AIM document! Great read. Concur with some of the other comments on this thread (e.g. IG) but it s all a bit vague what happens when it expires in Nov 2022 + 5 years. One would think the varang 3 phase dilling program will coicide with the Nov 2017 exploration phase to enable maximum number of targets to be called commercial. That leaves basin edge unresolved. maybe the new Kaketi field is a ruse to bag as much of the block as possible! Does make you wonder why they have not got a move with the production phase so time bound! SN and associtaes have a lot to lose if they run out of time on the prospecting in the block.
Billy - didn't see in all the excitement with the "Fire fight" any reply to your question around the PSA.
Further information on the Block 12 PSA is set out in paragraph 7 of this Part I and in Part VI of the AIM listing document on the frontera website - a veritable treasure trove of information and a must read on the company and its history!
Firefox you can't even get the words right nevermind the chart. You have a position and will find what you want to find just like others have theirs. No news you might get your low, if news you will be blown out the water ! This is the game we play.
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