RE: I have said in the past3 Nov 2021 18:54
Correction if BOR cannot demonstrate they have funds in place to meet their obligations they WILL lose the licence as per chairman….
Chief Executive's Statement
The current phase of the Company's Falkland Islands Production Licences (PL018, PL019, PL020) and its Discovery Area Licence are due to expire at the end of January 2022. An application has been submitted to the Falkland Islands Executive Council requesting an extension to all licences. As part of the approval process the Company will have to demonstrate that it can meet its financial obligations under the terms of the licences.