Looks like their hand was forced in Kenya, I was hoping it was Tullow that wanted to drop force Majeure and start working on a deal again.
https://www.nation.co.ke/kenya/business/why-tullow-was-forced-to-halt-its-force-majeure-plan-1926408
Looks like their hand was forced to lift force majeure, I was hoping that it was of their own doing.
https://www.nation.co.ke/kenya/business/why-tullow-was-forced-to-halt-its-force-majeure-plan-1926408
I'm trying to give him the benefit of the doubt but as the days and weeks pass and with the massive drop in the share price, it is getting more difficult.
It's more the original board members that I have a problem with, they are still in their positions after they let the company get into such a mess. They get paid to police the main guys so they don't get out of control. There are things like Dorothy awarding herself 100% just when they are paying hundreds of TLW workers off!!!
With Rahul, I agree if he can sort out Kenya he will have been a great appointment. I would guess he has spent the first 2 months putting plans in place?
This company is crying out for some solid leadership. The share price has constantly drifty down since the new CEO started.
He's been in the job for almost 2 months now and we've not heard a peep from him.
The trouble now is there's still over 2 weeks until the results, That's a long time at this price!!!
Very good article on Uganda, breaking it down and explaining what has happened and what is happening.
https://kampalapost.com/content/final-investment-decision-imminent-where-recent-developments-leave-ugandas-oil-gas-sector
With Total SA. putting work out for tender already and the Ugandan government saying it shouldn't take any more than 2 weeks to agree on it, which was just over 2 weeks ago, tells me it should come in at any time now?