RE: RE: RE: Reality check..... Mardan 10
The other side of the coin is that CGX will stay in tact because there is a lot of Guyanese interest involved in the company.
We also do not know the fine print regarding the issuance of the licenses to CGX. The possible 10 year length of the term of those licenses, and the fact that they were renewed prior to expiry of the existing licenses makes me think that they were issued prematurely to CGX to protect their continued involvement.
PRE may not have a say in the matter! It may well be a case of keep CGX or loose the licenses!
They were issued to CGX not PRE!
Lets face it, with the current set-up, PRE still gets around 70% of the spoils for very little investment.
Not bad hey!!!!!!!!!!