Tuesday, February 23, 2016 1:57:33 PM
https://www.adr.org/aaa/ShowPDF?doc=ADRSTG_003838
This is what Tullow wanted. Get the time they required without losing face publicly. I would bet money that they (Tullow) honestly believe that Guinea will give them an extension to the PSC after arbitration is resolved (depending on the results of arbitration).
This is an arrogant assumption in my opinion, but things are what they are at this point.
I have already booked tax losses on my shares through previous repositioning so I have little left to lose by riding it into the dirt from which it sprung.
Looks like another long wait to see how the final act plays out....
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