GREY:NKRSF - Post by User
Comment by
carhartttraderon Jun 01, 2016 7:49am
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Post# 24922133
RE:RE:RE:RIL,BP,NKO to drop multiple arbitrations..Positive
RE:RE:RE:RIL,BP,NKO to drop multiple arbitrations..Positive"According to the PSC, the contractor can retain only 'development areas' and 'discovery areas' at end of the exploration period and have to relinquish the rest of the block to the government."
They were only fighting over the "rest of the block" which is what may contain low gas volumes. And remember it was only an (industry executive) who said this not Reliance. Their goal is pretty clear for dropping (able to sell at higher gas prices once they have no arbitrations against the gov't).
its good news fells. Much more to come.