I see now the authority has decided to review its...

I see now the authority has decided to review its decision-making process for the Ascalon retention lease application.

To quote Austin Powers, "Yeah baby .... yeah".

This provides OXX with administrative fairness, but now OXX must focus on what exactly the authority sees as the impediments to development within 15 years. I believe if OXX reads all the indicators at the moment, the stars are aligning, and the time is right to start serious discussions utilising its existing relationships with Santos and Shell along with a number of other majors such as Woodside and ExxonMobil, to get Ascalon Production rolling. With the pipelines so close which therefore cuts the need for a lot more infrastructure maybe OXX could negotiate to remain as operator and continue its growth as a brown-field developer pursuant to its expended business strategy. Such activity by OXX would be seen very positively by the authority. Then the granting the retention lease to OXX would be very appealing to the majors as it provides a level of some certainty to the development of the resource. The environment for investment by the majors would then be created.