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Duma for DPE - He's Joined O'Neill - Printable Version +- ShareholdersUnite Forums (http://shareholdersunite.com/mybb) +-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1) +--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4) +--- Thread: Duma for DPE - He's Joined O'Neill (/showthread.php?tid=1179) |
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Duma for DPE - He's Joined O'Neill - Tree - 07-25-2012
Posted at 09:31 on 25 July, 2012 UTC More of Papua New Guinea’s main political parties have signalled their intention to join a coalition government led by Peter O’Neill. His People’s National Congress Party is on track to emerge from the general election as the party with the most seats. The PNC is ahead in 26 of the 111 electorates and although unable to rule on its own, is expected to be invited by the Governor-General to form a coalition. At a news conference yesterday, Mr O’Neill was joined by leaders of several parties including the National Alliance’s Sir Michael Somare, who he controversially replaced as Prime Minister last year, to announce their intention to form a government. Today, the Triumph Heritage Empowerment party of Prime Ministerial hopeful Don Polye, ahead in 12 electorates, indicated its support for a government with Mr O’Neill. The United Resources Party, which has won three seats and leads in another five, is also in the camp. The party’s leader William Duma says it doesn’t matter to him and other members of the coalition which ousted Sir Michael from office last year that they are now entering a coalition with him. “Yeah but unlike other countries, in PNG - in politics - there are no permanent friends and no permanent enemies. The dynamics change all the time, so numbers dictate the way in which you play the game.” The electoral commissioner Andrew Trawen says he will advise the Governor-General that an extension is needed to the deadline for the official return of writs. The deadline for the return of writs to the Governor-General was scheduled for this Friday but Mr Trawen says he’s received writs for only 18 of the 111 electorates. He says delays across the whole election process, due largely to logistical difficulties, have meant the Electoral Commission needs to extend the deadline for at least a few days and maybe a week. “I think they’re winding down, most of the electorates are winding down, including Chimbu and Eastern Highlands. We need that space for the returning officers to bring the writs to me. So we’re looking at the weekend for them to bring all the writs down.” Andrew Trawen says the Commission is still assessing how long an extension is required. Well now he's joined O'Neill, Duma' lock on petro portfolio is nearly secure. No need to worry of a Duma with a short leash, appointed by a legit O'Neill. A Duma who has 'approved PNG's second LNG Project'. A Duma whose public statements of IOC's requirements for approval have not been different than O'Neill's for many months anyways........'larger start-up and bring us a world-class operator'.
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RE: Duma for DPE - He's Joined O'Neill - ArtM72 - 07-25-2012 I suppose having your friends close and enemies closer is one way of looking at it. Then some say it's better having someone pissing from the inside of your tent out than the other way around. Still, if there are two guys who I'd rather not see ONeil working with it would be Namah and Duma. Anybody here figure the tent would cover "all of the above"? RE: Duma for DPE - He's Joined O'Neill - Tree - 07-25-2012
'ArtM72' pid='7227' datel Wrote:I suppose having your friends close and enemies closer is one way of looking at it. Then some say it's better having someone pissing from the inside of your tent out than the other way around. Still, if there are two guys who I'd rather not see ONeil working with it would be Namah and Duma. Anybody here figure the tent would cover "all of the above"?
Hey Art, The only thing we know for sure is PNG was aptly called the 'Land of the Unexpected' for good reason. We don't need to care one bit about Duma, Namah or any of the others. Think the only guy we need to worry about is O'Neill as he is the PM and he will have a clear mandate with a huge MP coallition. His Gov't will be in his image and if he is crooked, we are screwed, if he is just we are golden. In reality, O'Neill was an illegit PM for the last 13 months and Namah, Duma and the rest were in campaign mode ever since. As O'Neill will be legit PM for 5 yrs., these guys will fall in order. O'Neill will be PM when IOC is at $800 and we are producing 10.6 Mtpa LNG in the Gulf and have plans for our 3rd LNG project........if IOC isn't bought out by next summer that is. RE: Duma for DPE - He's Joined O'Neill - Palm - 07-25-2012 Another good article on coalition from Reuters: "Rival PNG prime ministers join forces to form new government inShare.0Share thisEmailPrintRelated TopicsStocks » Markets » Basic Materials » Energy » Wed Jul 25, 2012 2:11am EDT * PNG rivals end political feud and join forces * Incumbent PM O'Neill set to form new government * New hopes for political stability in mineral-rich country PORT MORESBY, July 25 (Reuters) - Papua New Guinea's rival prime ministers have ended a political feud that left the resource-rich country with two leaders for the most of the past year, joining forces to form a government in a surprise twist to the South Pacific nation's elections. The peace deal means incumbent Prime Minister Peter O'Neill is most likely to head the new government and form a coalition after a prolonged national election in the often volatile country, with backing from rival Michael Somare. "I want to take this opportunity to thank our founding father of our country, Grand Chief Sir Michael Somare, for joining us, making sure that we provide a government that is truly deserving for Papua New Guinea with all the stability that it deserves," O'Neill said. The result, if endorsed by parliament next week, should bring a new level of political stability to the nation of around 6.5 million people after a tumultuous year. Despite its mineral wealth, successive governments have been unable to deliver infrastructure or services to the people, with around 80 percent of the population living on subsistence village farming and small cash crops. PNG is the home to a $15.7 billion Exxon Mobil gas export project, and the giant OK Tedi copper mine which began production in 1987, as well as the Frieda River copper project, run by Swiss-based global miner Xstrata. Exxon's LNG project is expected to start production in 2014 and boost GDP by about 20 percent. Somare, the elder statesman of South Pacific politics at 76 and the country's first prime minister in 1975 after independence from Australia, re-contested his seat despite being gravely ill for much of 2011. His ill health sparked the feud. O'Neill was voted in as prime minister after Somare was ruled ineligible due to his prolonged absence from parliament. While O'Neill had the support of parliament, the Supreme Court twice ruled that Somare was legitimate prime minister, leaving the country with rival leaders. The election, which dragged on for more than a month, was praised by observers as being "largely peaceful", despite reports of sporadic violence. Other failings included bribery, widespread delays and anomalies in polling, destruction of ballot boxes, and discrimination against women, the Commonwealth Observer Group said in an interim report into the election earlier this month. The final makeup of the 111-seat parliament should be clear by Friday, when official results are declared. More than 3,400 candidates from 46 political parties contested the poll, where around half of the country's lawmakers have so far lost their seats. To form a government, a leader must cobble together a coalition of at least 56 lawmakers during the post-election horse-trading, with the prime minister directly elected by a vote in parliament, which is due to meet by Aug. 3." http://www.reuters.com/article/2012/07/25/png-election-idUSL4E8IP1CC20120725 And yet another from PNGIndustry News: "
http://www.pngindustrynews.net/storyview.asp?storyid=9589793§ionsource=s0 Looking very strong RE: Duma for DPE - He's Joined O'Neill - efi426hemi - 07-26-2012 Does Duma really have the DPE position locked up? The DPE is a high profile ministry and Duma has (reportedly) been doing a poor job running it (not just from IOC's perspective). Given that his party only adds 8 seats to the massive coalition suggests to me that it may be possible that a member from one of the other parties will be appointed to the DPE postion. Also, when new governments form, they often shuffle up the politicians who previously owned their old minister postions. Of course this is PNG, so I reserve the right to be wrong, like I have been many times in the past.
Health and Happiness,
efi
RE: Duma for DPE - He's Joined O'Neill - ValueSleuth - 07-26-2012
'efi426hemi' pid='7245' datel Wrote: efi, I'm with you on the Duma subject. Remember, at the AGM Sir Rabbie indicated it was quite possible Duma would not be DPE Minister in the new government, no matter what happened in the elections. At this point, I'd say it is at least 51-49 against Duma being DPE Minister. LOL VS |