As expected, Tullow has agreed to fork out another $400 million for the CGT payment to the Ugandan government. They still have a hold of this amount in London that HOIL will find hard to get, we hope.
They expect to get kingfisher back as well - probably have to fork out more cash. Sp should start on the up and up from now on.
And they talk about sovereign risk in Oz!
HDR
hardman resources limited
uganda tax resolved
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