AustinNZ,
I don't think FIRB approval is an issue but more of the timeline. Board approval is mid december. How long does FIRB approval needs after that assuming that it has to come after Board approval. There's the christmas and new year holiday period.
Can they commit to drilling a well before end of year... and before getting any FIRB approval? Otherwise they lose 35% of their rights to the field to MOG. Wouldn't that cause the farmin deal to fall over for MEO?
dilemma, page-5
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