re: woodies in the news..... gofish
The article on Woodside and its dealings with the mauritanian governments highlighted how inept they had been. Its interesting to get another perspective on how the oil business operates in Africa .. this is an extract from BBC News on the kidnapping of oil workers in Nigeria on Friday:
"The Nigerian government said the kidnapping appeared to be the result of a local dispute.
In the Niger Delta that usually means a community feels it has not been sufficiently compensated by oil companies and in those cases often a cash payment resolves the issue, our correspondent says."
Not even a hint of the word .. corruption!!! Its standard practice!! All WPL have done IMHO is to smooth the waters to keep the relationship friendly by bringing forward revenue to the Mauritanians to give them cash flow earlier. Whether there was anything shonky about the disputed amendments is another matter .. but the Mauritanians seem to have "got over it" and its now business as usual.
H
HDR
hardman resources limited
