RE: Mega Deal18 Aug 2020 15:00
There is a reason why the data from the predecessors has been passed over at this stage. The flanks are ours, the bit of paper saying so in clearly ready to land in our hands imho -
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted at the advances made at both of our world class projects in 2020 and at the progress with receiving our predecessors' data, including an extensive 48,405m drilling campaign completed at NKT, a part of the Flanks area. We are also encouraged that institutional investors are investing at the market price. This fact, together with our production expansion plans and the progress on our license applications, strengthen our position in the Formal Sale Process that we are focused on now".
When it is announced, they can immediately apply for the other area within the exclusivity zone, which takes us to 19Moz.
I would imagine that they have all the paperwork ready to do so, at this stage.
GLA