https://www.nzx.com/announcements/329916
I maintain that the only way this permit MIGHT still have a chance of attracting partners with the resources and know-how will be if the government bends over backwards to make assurances (and possibly other incentives) to mitigate Sovereign Risk fears.
I never thought I would ever think of my own country as ever having 'sovereign risk' as something to worry about by the way.
An extension (to at least align with Toroa) will definitely be needed...but simply buying NZOG 1 more year in and of itself won't be enough to get this drilled.
Let's see what Megan Woods does next (but don't hold your breath).