The current state of play from PANR
" Lease ObligationsRisk: There are drilling and testing commitments on two blocks of acreage as follows. (1) To test the Alkaid well by 30 May 2019; (2) To drill the Winx well by 30 May 2019, (3) to drill another exploration well on the same block as Alkaid by 30 May 2020. In the event that any wells are not drilled before the deadlines it would likely result in default, however it is believed, but not guaranteed, that the State of Alaska would grant a cure period of 1 year. It is also believed that other pro-active strategies are available for negotiation with the State of Alaska in this situation."
LINK
Talitha and I'm guessing Theta are in blocks the we have an interest in
Phecda appears to be in the Alkaid blocks.
Alkaid Well - successful flow test LSE news out today, page-19
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