Shell, regarding Bass, you called me out for a statement I made in my report as being incorrect (which i take exception to). I disagreed and provided the Bass announcement for which i was referencing. The announcement is factual and correct. If events happened prior to that then those are facts as well. Im not disputing that. Regardless of whether it was suspended due to COVID or other factors, the projet isnt progressing. Im trying to highlight some of the themes that are evident when you take a deep dive into some of the stalled projects in Madagascar.
Regarding your comments on the PR's and PE's, agree, all this flapping about expiry and amodiation contracts etc etc could all be for nothing. In which case, my sentiment would change to buy pretty quicly. I standby my comments with regards to social challenges (failed or stalled projects), however with a MC of $25m, I would be happy to hold and be patient.
Thanks.
Permit Risk, page-17
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