'Kaliboo' pid='72572' datel Wrote:PM already owns a tick under 20% of Kina Petroleum.
'Thylacine-2' pid='72569' dateline='<a href="tel:1466459 Wrote:So what is the PNG government going to do when lawsuits and delays get in the way of development plans? Total is the government's new darlin' and Total, OSH, and the PNG government have big plans. Which don't include IOC. And the government owns the resources. IOC has no mineral rights and no leases. IOC doesn't own anything. The company presently has certain licences granted by the PNG government. And we shareholders are pressing the case, with potential litigation to prove it, that the management of IOC is incompetent at best, and maybe even a bunch of crooks. What, PNG might say?! This pissant company, entangled in law suits, run by a bunch of crooks, is in the way of PNG's plans for economic development??! Hmmm....Well we're just entertaining ourselves here but who has succeeded in creating the opportunity by discovering the E/A field? Isn't that sort of like the hen that laid the golden eggs? Does PNG have some interest in putting Mulacek and Holland back in business in PNG looking for HC's. I think they do. In fact I think they, XOM, TOT and OSH all have interests in seeing Mulacek and Holland back working together doing what they did best. Maybe PNG will think, we'll give those leases to Phil et all contingent on him finding more big fields. But that worthless Hession and his BOD, we don't need those guys anymore. They can't do anything for us. Sounds a little harsh, but shouldn't PNG be looking at it like this? As for us shareholders, who knows where we end up. But I see opportunities ahead for PM and Holland.