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CNE Preliminary Results Announcement, page-22

  1. 1,713 Posts.
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    Good to see the modus operandi stays the same. Two years ago it was a $45M cash call prior to drilling SNE that was to lead to a CR and this time its a $45M Parent Company Guarantee in Gambia that is to do the same. Oh dear a shame no actual money changes hands with this guarantee. As for three month delay and the big costs .... hmmmm I sorta figure these costs (and reimbursement of previous costs) will be handled by PETRONAS. Anyway, must be beer time somewhere in the world at the moment!!
 
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