Yes, it would be nice to keep this project for when oil and gas prices improve. The Philippines need gas and we are on site with good knowledge of the ground. We have not yet drilled Cinco which was the favorite.
If we can hold the lease with minimal cost until things improve, it may benefit everyone involved. But if the authorities try to charge us too much or make unreasonable terms, then it's time to walk away. There are plenty of good projects looking for funding now to be held to ransom on a challenging deal.
Cheers all,
Yes, it would be nice to keep this project for when oil and gas...
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