Good point sugadante....I have been harping on for yonks about the Chinese interests in Senegal...debt remissions..infrastructure loans...payments to keep Government salaries going etc etc.amounting to $US billions.
Why? probably just kindness??? not likely! Hunt left..now Shell...extension of lease to FAR who cannot in a thousand years be the developer. Why? Deal done with the Chinese and the political fallout for Shell and Hunt is not worth the effort. Shell made a strategic mistake going in!
I think my deeplode.com blogs (which a few people read) have been on the money for months (and not just about FAR)
This quote is from Feb this year but have a scroll around my very amateur site and read a few....its a non profit bit of fun which also has attracted many readers from around the world to become hot copperites.
"Purely speculation but I wouldnt be surprised if a Chinese oil and gas major is already in advanced talks with First Australian on terms of such an agreement as we know the Chinese have taken a strong leverage to fund oil projects in West Africa to hit the black gold"
http://www.deeplode.com/2009/02/china-goes-exploring-in-west-africa.html
Declaration: I trade this stock as well as holding a hopeful core.
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Good point sugadante....I have been harping on for yonks about...
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