RE:The New President- The Ministry of Natural Resources
Phantomblogger you may want to rethink your estimate of $30 you maybe too conservative. I think it will be very difficult now for Pacific and Alfa to try and get this company cheap. There are too many players now fighting for licenses who will try to out due each other. They don't have much time to act, they have to drill by July since they take the rig then, so they need to do a JV, sell a license or raise monies. Although they failed to guard our interest in the Kanuku license I don't think they can afford to have a failure without consequences.They may say they had no money, but when did that ever stop them.