re: sandy.. here it is "Energy Undersecretary Guiller-mo L. Balce told BusinessWorld American ... Australian-based Nido Pet-roleum Philippines Pty. Ltd. ... will ink contracts with the Energy department in the next few weeks."
"...in the next few weeks." Lets hope it is sooner than that!
IMHO there may be some Sovereign risk involved. Hope the Philippines government lasts long enough to sign the darn agreement. I believe that they are having some trouble in that regard at the moment. Trouble for Arroyo could cause some turmoil the may delay inking the contracts. 8-(
"Moro Islamic Liberation Front spokesman Eid Kabalu said political turmoil in Manila, brought on by claims of electoral fraud against President Gloria Macapagal Arroyo, will not derail negotiations aimed at ending decades of conflict on the southern Philippines islands.
Kabalu acknowledged that negotiations scheduled for July 25-26 may be delayed if Arroyo succumbs to growing pressure to step down. But he said it would not shake the process, which is supported by neighboring countries, the United States and the international community. "
Anyway, hanging in there... was a good day today!
Awol
ps wonder how Cool Energy is going?
interesting morning, page-16
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