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politics and sicily channel farmout

  1. IFINO
    784 Posts.
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    08/02/13
    13:18
    Post #: 11396683
    Due to the rapid change in the political climate again in Tunisia,I think the chance of getting a better deal from the Government regarding the fiscal terms for offshore Tunisia is dissapearing due to lack of future Government adhesion/ maybe new election.
    I would be surprised if a third entity would be interested in farming in to the Sicily Channel deal at present.

    My view has changed to a HOLD. as Romania and Chorbane are a long way off(12months) before we get a drill.

    Even the finalisation of the Chorbane farmouts may be delayed due to possible Government changes.

    Cheers IFINO
    ADX Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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