RE: Chas21 Jun 2014 11:42
I would also add that if we were successful in any of the bidding rounds, and partnering with local companies and JVs I think it is highly likely that we will be. The cash would be for specific resources rather than general living expenditure, the market will react to X will be used to Fund Y with the potential of Z. Actually having a license or a JV could actually raise cash at a premium all sound oil. Once the licenses are gone they are gone.
Just my thoughts