Today, Just 14th, 2022 the Ministry of Mines and Energy has positively assessed our timely request to extend the duration of our Initial Exploration Period, as the Covid-19 pandemic has significantly limited our ability to execute our business plan during the last two years.
Monitor has been granted a 12-month extension. Now the Initial Exploration Period will end on 02 October 2023, which will greatly assist us in regaining the momentum lost through the Covid period so we can move forward with confidence.
We remind you that we have completed all of the work and financial commitments under our Petroleum Agreement for the Initial Exploration Period.
We thank the Ministry for their understanding, granted extension and continuous support.