In an update on March 13, the joint venture said that they received a response from the government titled, “The Government is of the view that the Petroleum Agreement and Prospecting Licence are at an end.”
It was further stated that the government made its position known that it, “hereby terminates the Petroleum Agreement and cancels the Prospecting Licence with immediate effect.” However, the JV said it remains firmly of the view that its interests in, and the Licence for, the Corentyne Block remain in place and in good standing and …