The political risk of Mauritania is low for the next 3 years. Mauritania is a poverty stricken basket case. The oil industry is their only hope. They will not do anything to jeoporise investment during the next couple of years. Once the sunk costs have been made and production has started the risks will increase, until then it's not an issue.
I found the Woodside breifing encouraging. Mauritania is increasingly the key to WPLs future and with up to 90 more Chinguettis waiting to be discovered, I think the future will be very bright indeed.
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