Bronco Lane on the PCI trail

One thing is for sure and that is when PCI find out that the contract they hold is worthless and that if they wish to remain in Algeria they will have to agree to a new PSC will come as a severe blow.

This being so they are duty bound to issue an RNS...it maybe in their best interests to throw the towel in for without a partner to help with funding they are doomed so quitting Algeria maybe on the cards.

Costly excersise if this were the case but on the bright side there is always Italy...Just have to wait and see what develops I guess.

Probably take until the New Year for the market to fully digest this latest news and the obvious consequences.

Bronco.