At the last GM the company did say trucking is the way they will be going , it could be sometime before the Ras Isa terminal and pipeline can be used , Maybe the reason that OMV has commenced already is that the UAE owns a large share in the company , I just can't work out why we haven't had the green light to start, the new prime Minister has stated publicly he would like the Oil companies to commence , is it still corruption , or is it that the government wants us to start at a greater volume than 10,000 or 20,000 but 50,000 or even 100,000 barrels a day, We do have one of the largest holdings in Yemen , in order for us to start at those volumes we would have sell off a part our holding to raise enough money. The announcement of such a large production proposal by the prime Minister would greatly benefit his reputation not to mention a great boast to the Yemen currency .
PSA Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
