India recently announced an Open Acreage Licensing Policy (OALP) for all oil and gas exploration. In this context, consider the following statements.nI. The government will announce OALP twice a year, with the first round of auction scheduled to be held on July 10, 2017.nII. OALP auction will allow pricing and marketing freedom to operators and shifts to a revenue sharing model. Choose the correct option

India recently announced an Open Acreage Licensing Policy (OALP) for a

1.	India recently announced an Open Acreage Licensing Policy (OALP) for all oil and gas exploration. In this context, consider the following statements.nI. The government will announce OALP twice a year, with the first round of auction scheduled to be held on July 10, 2017.nII. OALP auction will allow pricing and marketing freedom to operators and shifts to a revenue sharing model. Choose the correct option
A.	Only I
B.	Only II
C.	Both I and II
D.	Neither I nor II
Answer» D. Neither I nor II