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powerwalker

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powerwalker

Re: brownie69 post# 762

Monday, 07/01/2013 5:27:56 PM

Monday, July 01, 2013 5:27:56 PM

Post# of 5825
Speculation - Rosneft probably said, "We are doing the Rosneft way from now on and we are going to focus on making money on the in-hand gas assets and we aren't putting any more money into drilling until we are or we are going shut this project down and to leave you high and dry."

To which, HRT, Petrobras, and Dilma said a collective "Ouch!" That is why HRT needs some cash now ... to fund its share of the pipeline's costs. If that is so, HRT might be unwilling or unable to sign any gas monetization agreement until it has a solid commitment for the funds.
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