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Petrel Resources - moderated discussion/research


bahouse - Wed, 29 Dec 04 :

crapgolfer - 29 Dec'04 - 08:54 - 9419 of 9419

Agree Totally. That's why after the reuters announced the awarding of the 1st 2 contracts, I said I would rather go for S&L, as it seems more profitable one. However given what we have been through any one countract will do as as you say it opens the door to more to come, and establish Pet as aserious player for the first time. Then we have Jordan, Sudan , Syria and Block6 of course.

I think the IMO, as I speculated last on more than aweek ago, has the last word and having reviewed the tenders decided not to proceed with OGI. Let's not forget, it is not a straight forward business matter. Corruption, personal contacts, infighting with government ministries, politics etc... are all at play in any one of these or other contracts. So the intrigue is just a reflection of reality in the middle east or any undemocratic regimes. I have personal experience of the above.

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