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Wednesday, March 12, 2014 4:15:39 PM
I don't believe there have been any sudden developments in the DOJ INVESTIGATION ( I emphasize investigation as that is all it is at this point) because, quite frankly, those are poorly kept secrets by their nature of all the different parties involved. I may yet be proven wrong on this one.
I can't help but feel this is posturing by Tullow and I really wonder why something couldn't have been worked out without it coming to this point.
With the political climate in Guinea, this could cost HDY dearly, and would hardly benefit Tullow as the impropriety would be obvious if they were to pick up the pieces. If Tullow, or another partner wanted a bigger slice there are more certain and economically feasable methods to that end.
I just keep coming back to Tullow priortizing their Ghana assets over their partnership agreement. This had to be an autonomous action by Tullow. And that is bad business no matter what excuse you hide behind. <end rant>
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