'ArtM72' pid='68893' datel Wrote:
'jft310' pid='68880' datel Wrote:Legally you can not switch appraisers at will . The regulators call that shopping appraisers and as you might guess is not allowed .I'll give you the simple "legal" basis for IOC getting rid of GLJ: incompetence. After several additional wells, long term flow tests and God nows how many kilometers of new seismic if GLJ refuses to reduce its estimates based on likely misjudgements then IOC says, "They gone" and no regulator would ever challenge that. One change after over a decade can not be considered "shopping" by anyone other than someone desperately trying rationalize a poorly based (biased?) opinion.
GLJ incompetence? Hession is on record saying that GLJ has got it right "again and again." And you want GLJ to REDUCE its estimates? Good grief!!
And as for the unanimous vote question, one doesn't need to parse any agreement to understand that no partner would have carte blanche to drill at will on jointly held property. And it is unlikely that any of the three partners would agree that the others could proceed without its concurrence.