RNS13 Feb 2014 16:06
It's another stepping stone on the way to market listing, but I imagine it will still have to get final ratification by the Algerian Government before this can be done. Another month(or 2)?
With all the frustrations that occur when operating in Algeria(this is the way it is, so we should accept it), AT isan incredible asset to PCI. We are financed up until it starts paying off and then we are financed for the next 30 years.
Kurdistan is way behind schedule, it's not PCI's fault, Hess is the operator.
But PCI would improve their shareholders relations if they were to post a monthly update on operations, as many oil companies do. It's good management.