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Ju1cester - Thu, 21 Dec 06 :

H7, i totally agree about bertie and remp needing to raise their game. Ireland cannot afford to make any new fiscal terms too prohibitive. The region is not attractive enough to warrant it. The move by the irish government is to pay lip service to the critics, especially after the corrib back lash. The irish government, with gordon brown cutting tax on north sea mature licences, cannot now risk losing their small e&p industry with ludicrous fiscal terms. 7h oil is progressing. Rosscarbery is large enough to still be viable whatever.
Logp has one employee, boldy. The others do not take a salary from it. Instead, ros invoices logp for admin support. And ros pays salary. In terms of what they have done all year, they have shot additional seismic over midleton and integrated the purchased stuff.
Attention now off ireland, i would like to what is happening elsewhere. If the answer is sweet fa, then i will worry and eye the exit.


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