HZN 2.70% 19.0¢ horizon oil limited

Ann: PDL 10 - Initiation of Arbitration Proceedings, page-19

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    What did Pok demand in negotiations with the threat of cancelling the licence for PDL 10? Likely to be that Kumul get a much larger stake in Stanley. The idea of giving the national oil and gas company a bigger share has been talked about lately in PNG Cabinet as a solution to the perceived inequity of the PNG LNG project. Quite rightly it was rejected. Why should Kumul get a greater share at the expense of licence holders?
    Last edited by m0ngy: 15/11/18
 
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