In order to keep everyone updated on the status of the Phase II lease redetermination, I wanted to give you some information about what is going on. No, there is no decision to report yet. The hearings were held in Honolulu at the end of May.
The closing briefs were submitted by both sides on July 26th. The decision from the panel is due by Sept. 9th.
So the good news is that we should know something within the next couple of weeks. The bad news is that there's no way to know what the result will be.
We will keep you posted on the results as soon as we hear.
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