RE: Relinquished license20 Oct 2022 10:02
"Could someone highlight what are the benefits to hurricane when they have relinquished some of the licenses as I have never understood if there is ongoing financial implications to their retention?"
Effectively they can hang onto the Licences until that phase of the Licence runs out but the rental every year goes up steadily
The OGA/NSTA presses companies to perform and not "land-bank" - and since they are the Regulator you listen to them. Even fallow acreage takes up some time in the office - returns, reports etc and all you get in return is yellow blobs on the map of your interests.