We have found oil in Heron-1 - true but if the Land Use Issue is not resolved in our favor we will never get to extract the oil. Having the EL will give us the - opportunity to explore in Section V or elsewhere - but that still leaves us searching for funding this Winter. Not a great prospect - imho dyor
MC will acquire all of the issued capital of Wameja Limited for £0.08 per share (currently $0.144) ("Scheme Consideration") by way of a Scheme of Arrangement pursuant to Australian Law under Part 5.1 of the Corporations Act 2001 (the "Scheme").
· The Scheme Consideration is denominated in GBP and will be paid in GBP unless shareholders elect to receive AUD.
· The Scheme is subject to a number of conditions which must be satisfied before the Scheme is implemented. Wameja's shareholders and depository interest holders ("Wameja Shareholders") do not need to take any action at this time.
Sharecast News) - Computer vision technology company Seeing Machines has signed a memorandum of understanding with an unnamed semiconductor company, it announced on Tuesday, as formal terms of engagement are finalised to license its 'Occula' neural processing unit.
Ojay - good post I think that the potential obstacle to overcome is the Land Use hurdle. In Mongolia local authorities seem to have more power than most countries, and they want Petro Matad out of their district - which is just my opinion, but may have some merit