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Seafarer Exploration SFRX
(Total Views: 247)
Posted On: 08/14/2023 7:00:11 PM
Post# of 7802
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Posted By: hedge_fun
Re: Coat Tail Rider #7698
Existing permits and agreements may be put on hold or suspended without notice for lengthy periods of time due to administrative issues and disagreements over the terms and conditions. The length of time it takes to obtain permits, enter into agreements, or rectify any conditions that are causing a permit to be suspended or on hold may cause the Company to expend significant resources while gearing up to do work with little or no visibility as to timing. An example of delays implemented by FBAR for Seafarer’s permitted Area 2 in Melbourne Beach, Seafarer was prevented from performing certain activities authorized under the permit for 747 days out of the 1,095 days during the course of the last three year permit for Area 2 even though the permit was active.

I guess it’s an attack to suggest SFRX should consider working elsewhere, even though the company has said they have considered it.














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