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I guess the final word on this is good. Duma has Gulf leadership repeat his 180 day mantra this weekend for the media and the stock goes up almost 6 on 170% average volume.
"Proving their worth" was an odd challenge/phrase to use. IOC has proved its worth by supplying petroleum products reliably to the PNG wholesale and retail markets for the past decade and found over 10Ts of gas in areas dismissed by previous explorers.
I trust that Duma might be under a similar challenge. At least I hope so.
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I really question this 180 day notice by Duma. Does the NEC support it, or has he done this on his own? My sense tells me the latter. With the recent editorial which exposed the rampant corruption at DPE it almost appears he has taken it upon himself to make this proclamation. As we have discussed, this could be one of his last "acts" as DPE Minister if he did this without first conferring with O'Neill/The NEC.
Some of these recent articles say "The State" has given IOC 180 days to prove themselves, but it may have been just The Duma.
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Correction:
Duma's party has 7 seats, not 10. I previously stated "not 11".
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Duma can be removed at any time by O'Neill, but like anything political it needs to be handled correctly. If this recent corruption talk at DPE is substantiated, O'Neill would have all he needs to make the move. The easiest would be if Duma were actually charged with corruption. He would not be allowed to serve as a Minister.
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Hohoho. Very appropriate; a Shell Duma Dummy