Petrel Resources - moderated discussion/research part II
simon self - Thu, 28 Dec 06 :
mixitup12 - 28 Dec'06 - 11:08 - 56557 of 56558
SS - the Iraqi's haven't got the money for the construction work on S & L, that is why it will become a PSA and still remain the property of the Iraq government. Simple innit!
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Sometimes the ignorance of some posters on here leave me speechless!!
WHAT IS PET DOING NOW?
WHY ARE THE IRAQI GOVERNMENT PAYING THEM $157MILLION DOLLARS?
You don`t even know the basics of why PSAs are issued in the first place, you numpty!
It is so that the oil companies spend their millions EXPLORING AND DEVELOPING NEW DISCOVERIES! The government then have a riskless profit share on any oil found!
