The best the firms can hope for from the statement is a raised awareness of the problems they face.
The firm will not be taking legal action and hopes to recover the money.
The firms hope that such a settlement would resolve the entire issue with all regulators.
Eventually, the firm hopes to pursue similar trading in the emerging global markets.
The firm had hoped to start construction by 2008.
But things did not turn out the way the firm had hoped.
As of July, 2008, such firms are producing petroleum products in very small quantities, but hope to increase production over the next few years.
This firm is planning to develop an activity centre for school children and hopes to create 200 jobs.
The firms and the regulators had hoped to reach a settlement agreement this month.
But several prominent South African firms also hope to secure his services.
