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6 months in relation to license has been discussed before and was incorrect. Can be issued anytime
GLA
Well done barking now you get it
Morningsun you make a valid point however AAOG have already received confirmation that they will receive a 25 year renewal.
If memory serves me correctly I believe that new licences are never renewed more than 6 months before the expiry date of the previous one which would mean January before this would happen. However one would hope that the terms would have been agreed way before hand and released via RNS.
Did they drill before without the licence?
Well, in the process my post got removed as well.
People are complaining about not seeing a rig booked. Well, I think there is method in the madness.
There are two big things outstanding, the rig booking (and drilling) and the license granting.
I questioned WHY would you book a rig when the license is not in the bag signed and sealed yet? I'm not saying the license won't be given and in fact the gov has gone into writing that they will grant the license. BUT why would you book a rig BEFORE the signed license is in the bag and you know you can drill AND extract the oil that you KNOW is there. No one in their right mind would. It would reduce your leverage in the negotiations on the terms and PSA.
So, license first and then rig contract (and RNS). AAOG may already have an option on a rig and maybe even a planning, but that is in my view not cause for an RNS.
MS
You seldom ask questions barking you just whinge and whine you are almost as bad as the trolls , except for the days your not angry anxious or agitated and post your one in ten positive posts, get a hold of yourself chap it’s embarrassing
Don’t be silly always happy to deal with your posts barking
Tiburn I'm not trashing my own investment. What I'm doing is pointing out the short falls of the company and my utter frustration at the lack of progress. This is fact and I'm sorry I can't just keep quiet about it and accept these factors. My opinions won't make diddly squat to the SP but at least I can look myself in the mirror and know I'm not just prepared to only listen to the rose tinted glasses brigade.
I shall be delighted when we renter 103C again but until then I'm afraid i shall continue to ask questions.
Wheres The frigging RIG.
So was it you
Also incorrect barking ,
Barking
I didnt report your post - I get that PSA and rig needed chap, not insecure at all
I think you may be though ! why you would trash your own investment is beyond me, appreciation of risks and negatives is one thing, we all get these and are content to remain, if the negatives outweighed the positives I would sell, but they categorically do not.
Tilburn repost as someone removed your very informative post.
GLA
Wow Tiburn did you ask for a post to be removed just because i pointed out we had no RIG or Licence sorted!
Now thats really insecure.