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sydneyboy

09/24/09 8:59 PM

#10359 RE: Howardhaftel #10358

I apologise Howard, I made an assumption which was wrong. My bad.

But still, IMO the licence can only become an exploration licence, nothing else. The Tasmanian Government would not allow GSLM a full mining/drilling licence as there is no quantifiable evidence of oil reserves. An exploration licence, however, is a possibility - but will require the company to convince MRT that they will get things done this time around.

Some people on this board forget that MB and co. have actually held licences of some variation since the 1980s and are still yet to find the black stuff.
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EarnestDD

09/24/09 9:06 PM

#10362 RE: Howardhaftel #10358

Not True at all ... re: compliance with terms.

The Minister has sent Two letters to GSLM in the last few years asking why the Lease should NOT be Revoked.
jmo