06-07-2012, 10:32 PM
Wayne said possible HOA news with those on the short list mentioned on the CC could happen before end of Q2 but no promises. He said things are moving forward very well. He said they issued guidance and are sticking with the guidance because businesses need a plan to follow and that is there plan. However, the PNG politicians are scattered trying to get votes in their provinces and hence it is difficult to get them all together to accept IOCs plan. He said it is possible there could be a news release before end of Q2 stating the HOAs and IOCs plan pending GOV'T approval. We will see. Looks like all positive moves but also looks like into Q3 for approval.