PCL 0.00% 1.6¢ pancontinental energy nl

Ann: Kenya L6 Force Majeure , page-4

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  1. 1,370 Posts.
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    Looks like Flow Energy are claiming "Force Majeure" (circumstances beyond the control of both contracted partners leading to inability to fulfil obligations of contract) due to restricted access to areas in the Environmental Impact Assessment for Block L6.

    Not sure, as the announcement could do with a touch more clarity, but it seems to imply that it could be a temporary hiccup......."Flow further advises that they will serve notice as soon as the force majeure event has ceased to exist and when they can resume the work program under the Production Sharing Contract."

    dexter1, do you have any ideas?
 
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