doomed imo, page-42

re: korea needs more energy reserves according to that article, KNOC has possibly paid 30 times more for a Nigerian deal with about as much oil on offer as in Puntland. That makes the Puntland deal 30 times cheaper for them.

soverign risk is about the same. as someone noted earlier this week, Asians countries are far more accepting of sovereign risk than western'ers ... hence that will not really pose a problem (which is what i've been saying allllllllllll along anyway)