Jojo,
I don't know if SNEY has lost the lease or if they have already renewed it. SNEY needs to let shareholders & propective investors know.
The Pampana lease was for 3 years starting in late 1999. That means if the lease has not been renewed, they "officially" expired in Aug-Octish 2012.
I think Dredgemaster said, SL usually gives a 6 month grace period. Well 6 months is April.
I don't know as to the status of the Pampana leases. As a prospective investor, I need to know.
For shareholders, if SNEY has not renewed the leases & they lose them, then the stock is not worth much imo.