RE: Sorry Sound18 Dec 2019 16:50
Abslom...Laundau, Lenigas - let's hope Parsons isn't another name synonymous with AIM failure!
Regardless, I know JP was sincere in his belief that East Morocco is a hydrocarbon province...but as the drilling campaign progressed he knew that we were holding too much project equity. But he sold it to us on the strength that we had nearly 50% equity & were "cashed up" with all that Greenberry liquidity. The bottom line is we were overstretched & under-funded. At the time we didn't know that & I suspect James was naive in that respect - the upside seemed to outweigh the costs of the downside & it was all gung ho & tally-ho for the charge to multiple TCFs! Now we need to hope that this deal goes through - or some other deal goes through - otherwise, we cash & burn!