PETROCELTIC (PCI):CHART AND DISCUSSION THREAD (moderated)

Robin ''address it directly''

I thought I had but to clarify.

1. If they do change the contract to 49% for a commercial viable project its still a very good deal especially as it is compatible with other countries % take and nothing out of the ordinary.

2. The information does not come from an official Government announcement.

3. Contracts are signed under international law and as such any changes have to be ratified and when required compensation paid.
( Ref Bolivia 2006 oil companies take Government to court. )

4. Normally old contracts operate until their time is up.

5. At the moment I am only a bystander but there does need to be some clarification on the matter and my view . ( 49% is not a bad deal. )