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Re: Cougar6 post# 12769

Friday, 08/24/2012 5:26:38 PM

Friday, August 24, 2012 5:26:38 PM

Post# of 21090
You raise an interesting question. I do not know the terms of their contract with ROG. But if they find commercial oil, I have to wonder how many years of extension they get. Otherwise, another company could try to deal with Guinea and take the concession away outright at the end of the fourth year. My hunch, based on all available information to date, is that they will continue with HDY when commercial oil is found because they approve of RL. Let's see if he can soon give shareholders something to approve of as well.