05-09-2016, 04:46 AM
Bull. Mike got Total signed up all right, but now he either does not have the courage or ability to stand up to Total and say, "we have a signed contract and I am going to hold you to that contract. We are moving forward with the certification and resource payment. It's that simple. Now if Total wants to drill another well; great idea. But we are going to renegotiate the contract and Total is going to pick up all of IOC's costs for the well. Otherwise, IOC is being put in a rather weak financial position.
The only thing I expect is clear, open, honest communication and that is not being done by IOC.
Just my thoughts.