RE: Southern Oil15 Mar 2019 11:39
Daz9643 ....I think this was changed slightly with the RNS on the15th Nov... The Southern Oil project has incorporated an initial engineering study and logistics exercise which has identified key areas for project optimisation and improved efficiencies in design, leading to a potentially lower cost and rescoped solution for both parties. The project, subject to confirmation of final commercial terms, remains on track for delivery to Australia and commissioning within the early part of the third quarter of 2019, with the sale and lease agreement between the two companies expected to be completed in the near future..... This contract with Southern Oil was agreed without PLACE being completed....yet we hear that PLACE needs to be completed before full commercialization will begin.....anyway there simply has to be good news just around the corner .....come on AFC.