I expect that the proving there is no more bad news today that the price will recover. So far, this incident has not resulted in any street fighting. Last years attempted coup had fighting in the streets, etc.. and the price recovered.
Everyone must remember the whole of africa is potentially unstable and this type of event will continue to happen. Look at Algeria, Angola, Nigeria, Equitorial Guinnea, Kenya, etc..
I believe the big short risk at the moment would be if there is some street fighting resulting in Woodside suspending drilling for some indefinite time.
Long term, even with a change of Government, the new Government would most likely honour any previous agreement with Woodside etc. Unfortunatley this would delay the development some years.
Lets see what tommorrow brings in the Mauritania Post(find it on Google)
Dennis
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