TSXV:ART.H - Post by User
Post by
goldtoeon May 18, 2010 6:30pm
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Post# 17111271
PSC's
PSC's
Baghdad wants the Kurds to pay the companys with PSC's the money for the oil exported. The Kurds get some 17% from Baghdad as some sort of Revenue sharing. It would seem only right that the Kurds would pay the companies for the oil they export.. they get the benefit of 100's of millions of $$ upfront from the PSC's.. it would seem the Kurds want their cake and eat it too... expenses was a part of the PSC's anyway.. so the only thing missing is the desire to actually pay the companys the money they rightfully deserve. In Vast's case they are not ready to export oil anyways but i think the Kurds should step to the plate and guarantee the payment of any exported oil.. knowing that the companys will get expenses back is nice but...