You should understand this.
MAY and JV partner ONLY has a permit to Explore!!!
It has NO PERMIT to commercially extract and sell the oil and gas below the ground.
The Resources (despite what you believe) belongs to the Cuban people.
To do so, without an agreement with the Cuban Gov, would be ILLEGAL and in breach of their contract.
MAY and JV partner could LOSE their PERMIT to this area, if they did something that silly - ie. without getting Gov permit first.
Wish as you MAY, but there is NO WAY the other JV partner would try to commercially sell the products without Gov approval first.
Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-494
-
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
