RE: There will be NO new licences15 Aug 2023 09:21
We are all hoping that DELT will win new licences.
The other day I posted - "Think about this - had the NSTA previously (i.e. when they announced the start of the process of the 33rd Round) said that there would be a public consultation?
If anyone knows that the answer is yes they did, then you need read no further, please post a link to where they said it and then I can let this matter drop."
No one has posted a link, so I presume that the NSTA hadn't previously said there would be a public consultation - it has been conjured up only recently.
To me, this backs up what I say - Sunak is looking for an excuse to backtrack on his pledge. He doesn't want new licences. It was all bluff - vote-grabbing bluff.
When they changed the name of the NS Oil & Gas Authority to the NSTA, that signalled that the mission of the NSO&GA had changed from being one of promoting NS oil and gas, to one of ending NS oil and gas.
I now fear that they might even revoke existing licenses. DELT could end up with no assets (IMHO) and what does that mean for the value of the company?
Please note - that last point is an extreme view, but considering the seriousness of what it would do to our investments if if did happen, then it is worthy of debate. There is a wise old saying - Never Say Never!