RE:RE:RE:RE:2nd Horizontal Well, 5H Block 95 completedHey Bean
I think you have to start with why gte got out of Peru to begin with.
Are they now persona-non-grata or are they having second thoughts about prior experience?
where did the push for div come from- new investors or existing?
wouldn't surprise me to see gte spin out their shares to new company to jv on block 107 while they keep their 20% back-in.
down the road,as they say.
A note about timing of oil sales.
tal has basically a give or pay contract with the gov controlled pipe. Options are limited with hedge and barge just means more mark to market on inventory, not to mention real risk with delivery.
those pesky accounting rules....
as far as tax pools- if peru gov can minimize corruption and tal puts a large chunk back in country, then all is good. Div to foreigners and tax pool for company won't make any friends on the surface.
All tal has to do is keep on doing the right thing.
I expect a very good january.
Good fortunes