RE: Like waiting for Never20 Oct 2024 22:42
I think this part of the RNS on 23/09 tells you and everyone else what we need to know.
This should be ratified and completed any day now. I saw someone say this has already been “priced in” I doubt that very much…..
The Company is pleased to announce that on 19 September 2024, the Board of Directors of ANCAP (the Uruguayan state-owned oil company with regulatory responsibility for offshore licences) approved the farmout. Following this approval, and in accordance with Uruguayan legal requirements, the process has progressed to its final stage, which consists of the farmout being notified to the Uruguayan Ministry of Industry, Energy and Mining, and at the same time the requisite Consortium Agreement between the Company and Chevron being submitted to the Uruguayan Ministry of Economy and Finance for registration. Once a 20-day notification period has elapsed and the Consortium Agreement is registered, the farmout can be completed.