RE: Still No environment Aproval?14 Mar 2019 11:17
Well said Page.
As there is not much time left so the first thing that BPC would do is get a partner ASAP and then agree with the timeline for the drill and then put pressure back on BG to provide all permits including EA approval.
In the latest RNS, it was confirmed that BG will work with BPC to make sure that they drill for oil and based on this assurance, BPC applied for the renewal of the license. So surely they are going to drill this time and I think BG also want to first get to the stage where they can see the oil with the first drill and then assess on how to proceed with the full production.
So there is plenty of news to come in soon and by the time they announce the timeline for the drill, SP would be multiple times higher than the current price and going further high up once they spud.