30th June may not happen?24 Jun 2020 17:53
orarily suspended, so that the same period of about seven months remaining under the current exploration period as at 17th March should still remain once the Force Majeure period ends, without any further extension being requested.
The Company has informed MINMIDT that at this stage it is still possible that NJOM-3 could be spudded prior to 15th September 2020 despite the Force Majeure, if the situation returns to normal quickly enough, but this is
The Company and OilLR have also agreed to amend their HoT to extend the proposed completion date to 30th June, 2020. Tower is satisfied that OilLR's intended investors have the funds to complete the intended farm-in, and both Tower and OilLR are still committed to completing the transaction, but both parties also agree that the transaction cannot be completed until the environment stabilises sufficiently for the project to move forward.