RE:re.prUnfortunately, this is not a tax pool. An impairment is simply a write down on book value. Kiss your a$$-et goodbye. As far as I know, i dont think there is any ability to use a loss in one PSC against a gain (if there ever is one) in another PSC.
Almost hard to believe that a 100$ million investment could be mismanaged to oblivion. Isnt that why Chis-holmboy relocated to Asia? I am pretty sure he could have pissed that away from here.
I guess this explains why we werent seeing any Press Releases.
Somewhat thankful a real company is now in charge of managing East Jabung.
And holmboy, dont forget to issue yourself and the directors another round of options for the great work.