You guys seem to be forgetting that originally PSA wanted the Yemen Govt to allow the CAPEX that was used by the previous owner's assets in Yemen to be allowed to be depreciated for by PSA , which would have offset taxes going forward and would have made each barrel of oil worth approx $15.00 more after tax to PSA .
PSA makes no mention of that now with its negotiations
PSA Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
