GREY:GULSF - Post by User
Comment by
GA_Makemydayon Mar 05, 2008 3:01am
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Post# 14597760
RE: interpretation
RE: interpretationMy interpretation: The news from Maria was good. The problem is, the minority players - GUL, MNL, and IFR each have only 8.3% working interest in the project. ENI UK owns 50% and Petro Canada owns 25%.
IMO, nothing will happen until the big players are ready to move on to the next step in this block, no matter how much tail wagging is going on from the minority players and their investors.
If and when the big boys get around to developing and producing from this block, then investors in GUL, MNL, and IFR may see some benefits fallout.
JMO