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03 Jul 2020 12:11 - 03 Jul 2020 12:12 #382647
by ketchim
ExxonMobil has operated under a revenue sharing agreement executed with the Guyanese government years ago
ongoing uncertainty about the results of the recent national elections - almost 4 months after the votes were cast
- has apparently now made regulators timid about issuing new permits.
Last edit: 03 Jul 2020 12:12 by
ketchim.
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03 Jul 2020 12:33 - 03 Jul 2020 12:35 #382648
by ketchim
ExxonMobil recently announced that it would have to postpone the drilling of a third well due to permitting delays.
Unfortunately, the ongoing election process and uncertainty around the next administration has slowed
government approvals of the Payara development plan.
As a result, we expect a delay in our future developments of roughly six to 12 months ....
Last edit: 03 Jul 2020 12:35 by
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04 Jul 2020 16:44 - 04 Jul 2020 16:45 #382661
by ketchim
Betcha, they will NOT pay anyone in Guyana until Election 4 month delay is resolved
and IF any fraud, they will pay into a Trust Account until Court matters are settled !
Last edit: 04 Jul 2020 16:45 by
ketchim.
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