In relation to Winchester, the Application for a Declaration of...

In relation to Winchester, the Application for a Declaration of Location was approved on 13 June. Now 14 days later on 27 June the Joint Venture decides to relinquish the permit because STO the Operator, formed the view that efforts to demonstrate the future commercial viability test were not sustainable. This decision follows advice by the Operator, Santos Offshore Pty Ltd, that its efforts to identify a development concept likely to be commercial within a period of fifteen years have not been successful. WTF a pipeline goes through the permit. Why did Santos persist all this time only to relinquish at the last minute? Talk about leading OXX shareholders on for 5 years?

Nice that a shareholder thinks all is not lost and Uncle Geoff will pull a rabbit out of the hat. The only problem is, OXX is now fast running out of hats. DYOR IMHO