Clear up some erroneous posts(08:18)15 Apr 2026 11:01
Had this all ready for tomorrow as was expecting similar posting if no rns on Rns on 16th, but what the hell, got all the time in the world, i have no deadline so to speak....
here is the transcript of relevant details pertaining to the "deadline" which was never a deadline as erroneously posted on the Lse bb..
Pg's words( i haven't tapped out the "ums, etc")
Question asked
"What happened about the possible farmout?there was no mention of it in the annual report?
Pg's answer
"The annual report kind of reflects what happens in 2024, as we moved on from the testing in the summer to where we stand today which like last 3 months we've got into a position where the farm out becomes irrelevant becsuse we are now focussed on effectively the flexible divestment,i'm not saying it's totally irrelevant,but i'm saying a farm out based on what we know now from the data we've gathered in the testing for example is that we dont want to farm out and give away 20 to 30% of the licence on just farm out terms for 3D or farm out terms for one well,it's almost impossible to divvy the licence up into parcels because that creates all types of issues with Onhym,not obstructive issues,its just always difficult to plan for those sort of events,sometimes you have to be very flexible in the regulations,but its not possible to do that when the regulations are set out in the hydrocarbon code for example, so farmouts no,the process is on bigger value through flexible divestment,that will take look we started, it will be a six month process,i'm not going to tell you we will have a result in one month,2 months,3 months or 6 it will take as long as it does,you dont try to get a deal like this,and i'm not saying that any deal is achievable,but you dont try to pitch for a deal like this if you want everything to be done and dusted in 3 days,7 days,one month".....
Most relevent bit...
"It will take as long as it does".
No doubt there will now be replies stating timelines, broken, never keeps timelines, etc etc. But the above was taken from the video taken on 16th oct 2025 , but drfinitely no "deadlines" missed, as none were given.
Dyor
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