Sponsors Approve Delivery of Badger Demonstrator Milestone 1
At the August meeting of the Steering Committee of the Badger Explorer Demonstrator program, the Committee confirmed that the deliverables provided during June 2012 met – and, in fact, exceeded - the requirements for Milestone 1 of the Demonstrator program. Milestone 1 is thus approved, enabling Badger Explorer ASA (“BXPL”) to invoice the sponsors for the stage payment under the Demonstrator Agreement.Based on the timely completion of the Milestone 1 deliverables, and on the technical progress achieved over the past several months, the Steering Committee also approved BXPL’s proposal to