Not convinced the statement from SGE is correct and shows they continue to be off the pace under current MD. The PSC is very clear when and what are develoment costs, eg, post ODP, and at that point CUCBM will be paying their percentage of capex. The revenue split is again very clearly detailed.
So yes the usual fun and games but we should have been on top of this as all would be discussed in the JMC so what’s the senior management been doing.
It will resolve but again poor leadership and governance by the board imo. We are paying well over the odds for the MD to continue to cock up.
SEH Price at posting:
16.0¢ Sentiment: None Disclosure: Held
