sp support, page-75

Well said MM. Ive been a developer SEA for 20 years and seen how the system works. The simple reason why corruption is on the rise - if you cant beat the system you join it.

If you re a head of department/ministry and have a past you appoint a trusted accomplish thats at risk as yourself to take the reins over. Consequently, to climb the system one must join the system.

Low salaries and media that have hidden agendas - aka paid pen pushers, totally break down the system.

Back to Senegal. I agree with MM original post, that some form of payment required. IMO the longer Senegal drawn out , the more confidence I have. Think about it? Legally the Ministry have to respond to the application sent for renewal by FAR. However, if you re waiting for something, you simply wait, until its delivered , in regards to the Ministry. If another Oiler ,after the leases and greased the palms, FAR would be out. Look at the latest leaks on Shell connections in Nigeria. Frightening the amount of slush funds large public companies have in developing areas.

Lastly ME knew or was advised by Petronsen/Ophir what he needed to get the lease over the line. Call me a romantic trader , but things may got hot way before any drill is made. FAR a target for any oiler with its cash and large lease holds.

The buying seems like accumulation by instos. IMO. All very positive.