RE: Frontier Exploration Licence application31 May 2020 16:54
Hiya MEM,
Not sure if this is the same as FEL but it has the same date ?!
Further development of the Licensing Options offshore Ireland is dependent upon the Company obtaining successor authorisations, which were applied for on 25 May 2018, in the case of Licensing Option 16/26, and 31 October 2019, in the case of Licensing Option 16/30 following a successful application for a 12-month extension to its initial term to 30 November 2019 made on 18 October 2018. The grant of successor authorisations is conditional on the Company demonstrating, either by itself or with the addition of potential farm-in partners, a financial and technical operating capability to perform its exploration work obligations to be negotiated under the terms of any successor authorisations. No work programme has been committed to for the next 12 months and therefore the award of any successor authorisations will be dependent on attracting a farm-in partner to address the financial and technical operating capability and to finalise a work programme with the regulatory authorities which is capable of being financed. In the event this does not occur in a timely manner then the Company may lose its rights to progress to successor authorisations.