PalmTree - now a new wrinkle in the PNG/IOC/EWC saga... Interoils chief Phil Mulacek will be "retired" at the end of the month. What are the implications for EWC?
Will Phil & Richard Chandler now join forces with EWC to take on a new challeng in PNG? Will they stick around for EWC opportunities in the Gulf Province? What about the Western Province? And what to make of Shell's new endorsement of this technology?
All interesting questions that will have more clarity "soon".
EWC Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held