Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I've been in this share for longer than I care to admit, and bottom drawered it when the pipeline shut thinking that I'll stay invested and hold out for Somaliland and the arbitration case. The worry for me re arbitration is how on earth KRG will be able to cough up if they lose. When Dana won their case in 2017, KRGs finances were more robust than now and they had the luxury of direct oil revenues, which they no longer have. I wonder if there's any way the responsibility for paying any potential future claim could end up in the lap of the Iraqi government?
I realise the answer to this question may be "how long is a piece of string?", but does anyone have an educated guess as to how long the arbitration process could take? ie until a judgement is issued. Are we talking weeks or months?
The more I think about it the more I’m convinced that TL are either going to lend us the balance or act as guarantor. It’s the only scenario that explains why we’ve done this deal. Hopefully we’ll find out in the next few weeks before the 31 Jan.