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18:23
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Originally posted by rivermore:
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I think it’s because of the epic financial squeeze being applied by Sonangol. Look at MAY’s half yearly report. Page 9 makes it clear what the problem with the JV is. Especially relevant is that Sonangol were supposed to pay 100% of first 2 wells. They appear to have short paid $10m last financial year and another $10m so far to end of December. I’m guessing AP hopes to recover the shortfall from oil sales but MAY will be in a severe financial state by now. I hope I’m wrong but it explains the market disinterest. Not news the fan boys will want to hear but wilful blindness is well known to end up in financial disaster.
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well crafted crap mate. Hope your parents are proud.nothing like having an off spring doing its best to screw over others.
(20min delay)