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In the RNS dated April UPL referenced the following:-
As the company continues to receive unsolicited Joint Venture/Farm-In approaches, the Finance & Investment Committee will continue to review interest as appropriate, until such time as a period of exclusivity is entered.
Would anyone know when such a period of exclusivity would arise. Wiser owls than me on this board but my guess would be after the PSC is awarded. Any thoughts would be gratefully received.
Fair observations guys but I guess UPL have to demonstrate that they have all their ducks in a row and without these prerequisites I suspect that they would be given short shrift by Petros.
Hopefully within Month. Since January with no real news UPL has been on a bit of a rollercoaster. Clearly the phrase “near term” was chosen by both parties as it is suitably vague. That said PKF did say that the “the audit was substantially complete” which suggests that we are not talking months. Who knows lots of whataboutry here. Hopefully substantive RNS from UPL first. GLA.
Got to admit we are in tin hat territory at the moment without clear briefings from the BOD. The release of volumetrics would be a good starting point. That said I still can’t get away from the fact the BOD must have put across a pretty convincing story to get the hard nosed Institutions to part with $4 dollars. GLA
I totally agree Serif I was just pointing out he has posted before (don’t agree with his conclusions). Clearly the II’s must have received some pretty firm assurances that receipt of a signed PSC is a given as they will be very hard nosed in their approach GLA