Update today31 Oct 2024 07:15
“The Acquisition is conditional on a number of conditions being satisfied or waived (if capable of waiver) on or before 31 October 2024, including but not limited to: (i) the parties agreeing and executing definitive agreements, in agreed form, in respect of the Acquisition which will take the form of a farm-in agreement and a joint operating agreement (provided that should the parties fail to enter into the definitive agreements on or before the longstop date and subject to the Company having waived the requirement, the Agreement will be deemed to be the definitive agreement in respect of the Acquisition; and (ii) approval by the Energy and Carbon Management Commission of Colorado of the oil and gas development plan submitted to the CECMC relating to the Galactica Project and known as Galactica-Pegasus OGDP I and having Docket No: 240400088.”
On or Before 31 October..
Imminent..