RE:Timely Disclosure I think because the license was not "revoked" but just "lapsed", FEC/CGX are using those semantics to not put out a statement. Further, because the govt has NOT stated that they will NOT grant CGX the right to further explore the block, there is the clear indication that something could happen to allow the companies to continue on with the exploration. It seems to be that the companies need to come up with a viable plan to explore the block (which seems to me to be that an establish company needs to enter into the block) and then they will get the opportunity to continue on. If not, then eventually the govt will confirm the worst or just not state anything like they did with Repsol. Just my thoughts on this debacle. How these two incompetent companies can not find anyone interested in exploring the area in the Golden Lane is beyond me.