Petrel Resources - moderated discussion/research part II
bahouse - Thu, 21 Dec 06 :
There is no risk in Pet, period!
Are people forgetting just S&L as it stands is profitable to the tune of 20-25% (JT) of $197 contract value? Throw in Merjan study (a done deal), A&L coversion to PSA (a done a deal, isn't IMO now saying they will be reviewed? meaning an over PSA), Jordan PSA, not to mention Block6 etc....
Security risk? The opposite in fact. DH himself said to the press where others (read big cos) see risk "WE see opportunities", the progress so far is the proof. REMEMBER REMEMBER: PET doesn't have to be on the ground. Pet's provide the technologies, the seismic studies and procure the equipments, NOT THE WORKFORCE, which will be done by Makman. Pet is already using Shia Militia as security guards. WHAT ELSE DO PEOPLE NEED TO BE CONVINCED? A chritmas present?
