RE: Shorters28 Aug 2018 22:57
Cessation of exclusivity is just that. The major is no longer in an exclusive position. The major oil company has elected to do this. It either doesn't want to pay another $250k, or doesn't want any more involvement, or has not made a sufficient offer and is not at the moment willing to make any higher offer. To get to the late stage of negotiations must have meant they were still interested. I don't think they just backed off, otherwise why bother for so long and pay for the luxury. No doubt other parties will show interest. Either way BPC can move forward now they will be out of exclusivity in a weeks time. I guess if the major has a change of heart then they have a week to do it in