(Columbo voice on) "one last thing" (Columbo voice off) ... is it not the case that if BLVN have breached their "Petroleum Contract" with SNH then VOG/GDC are likely to have a claim against BLVN for the loss sustained? ... hmmmm.... and look at all that cash sitting on their B/S.
(SNH) - The National Hydrocarbons Corporation (SNH) has learned of Bowleven's announcement of an agreement it has reached with Gaz du Cameroun concerning the exploitation of resources Gas discovered within the framework of the Bomono Research Authorization.
The SNH informs the public that the State of Cameroon, the owner of the gas resources concerned, has neither been informed of this agreement in the usual forms stipulated in the Oil Contracts nor authorized such an agreement as required by the texts.
Accordingly, the information published by Bowleven concerning Bomono's gas resources which, in SNH's opinion, still requires research to justify sustainable commercial exploitation, is erroneous and involves only that company.
The NHS reserves the right, within the framework of its missions, to draw all the consequences of the publication by the operators having concluded Petroleum Contracts with the State of information erroneous or likely to mislead the public on The petroleum operations covered by these Contracts.
Adolphe Moudiki? He certainly doesn't seem keen on the Bomono deal so given that SDH's approval is required for it to go ahead, how long or how many bribes until it does? Is Moudiki straight or corrupt? Hmm.. Is this the wind of uncertainty that may steer this off course? Bomono may not matter too much to VOG but Moudiki certainly sounds ****ed off with VOG. Grateful for thoughts from longer term / more knowledgeable holders than myself.
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