RE: Latest postion18 Sep 2023 12:39
Moveonup: Good thing you were'nt around lately - you didn't miss much.
Yes - the LP was awarded by the central government; whereby "local formalities" would need to be addressed. Several weeks have gone by since then and the market/investors have been left in the dark regarding the reasons for the "formality-delays". Clearly this is a lousy situation and a lot of positive news appears to depend on the final "local approval" of the LP (i.e. cooperation with DQE, logistic contracts with PC for hauling the Heron oil to PC's installations etc.).
So in summary we investors had hoped this would be done and dusted by now. However, there is still justified hope that oil can be extracted from Heron before the year ends.
The negative posters on this BB don't want to see this happen (for whichever reasons).
But as WOS correctly said many times: love it or leave it - it's your investment money - but be happy!