On Monday 30 April 2012, around 10 O’clock, a colleague of the consortium partner presented the Cyprus business opportunity in the Cyprus blocks bid round. The bid submission will be closed on 11 May 2012.
The management team did not appear to be interested to this opportunity. They were reluctant to participate to this bid round. The go decision could not be made on that meeting. A higher level needed to discuss further this opportunity. Whether or not we will participate to this bid submission consortium and sending a team to Cyprus for due diligent.