Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
So basically are we saying the Italian government don't want to face any future litigation from other companies over this issue - suggesting they have not fared well against RKH? Or am I completely barking up the wrong tree?
The RNS made it quite clear that the word award means 'decision', so nothing guaranteed yet. Still looking at up to another 6 months locked in. By that time we should hopefully have a better idea of PMO NewCO by then, and our chances of ever getting SL underway. 10th Christmas spent in my rented flat lol.
Looks like the geologists have continued their work around the FI during the downturn.
A few geological reports were added to the FIG mineral resources website at the beginning of November:-
https://www.fig.gov.fk/minerals/geology/geological-papers?start=0
Wish Marlon was still around to decipher it all!!
The ADVFN guys seem a bit spooked by today's Chrysaor conference call today. Not listened to it myself Cyan seems to have taken it in a negative light. Anyone here listened to it or got a link to a transcript?
Yes Auson, I can't see why Chrysoar would want to keep RKH as a 40% shareholder when they could own the lot for a not huge takeover price. Lots of possibilities. I'm getting to the stage where I don't care which option they all go for so long as its not the 'do nothing' one!
I posted this earlier -
""Key stakeholders requested early review of the OPEPs to ensure that an appropriately high standard of counter-pollution response was proposed. PMO provided these documents in good faith despite it being unconventional to prepare documents at this level of detail so long before operations commence. "
The executive summary contains this -
"FIG considers that advancing the OPEP process as far as possible is a joint objective for the Sea Lion suspension period."
In my opinion only, it doesn't sound like it's FIG driven at this stage. After all, there would be plenty time post sanction for FIG to make sure this was in place.
"Key stakeholders requested early review of the OPEPs to ensure that an appropriately high standard of counter-pollution response was proposed. PMO provided these documents in good faith despite it being unconventional to prepare documents at this level of detail so long before operations commence. "
It says that the Oil Pollution Emergency Plan (OPEP) has been prepared to provide confidence to governmental and lender stakeholders how Premier Oil would respond to offshore oil pollution events associated with the Sea Lion project. It goes on to say that the plan has been developed significantly in advance of statutory requirements and out of sequence
I was merely answering your comment regarding tourism. FI economy will suffer in the same way ours does following a no deal which will make many things more expensive. All the more reason to get SL going for them.
"The UK has, on FIG's behalf, been pressing hard for tariff-free trade in loligo squid, which remain the largest export from the Falkland Islands to the EU market (primarily through the Spanish port of Vigo). The fisheries sector amounts to some 40% of FI economic output and generates a third of Government revenue. The imposition of tariffs in the fisheries sector could have a significant negative impact on FIG revenues. "
Did you open the link?