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Govt studying Exxon-Kosmos deal

Comment: Re: to cha

Author:
Kobena
Date:
2009-10-08 06:30:07
Comment to:
to cha


Kosmos as the holder of the equity has the right to sell it to any buyer of its choice. But GNPC on behalf of the governmant of Ghana, has the first right of refusal. Presumably GNPC did not have the funds to purchase Kosmos' equity. That is why Kosmos sold to Exxon/Mobil.

Now what GNPC has to do is to look at the sale agreement between Kosmos and Exxon/Mobil to ensure that no clause of the original PSA has been violated. It is laregely a formality.

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10-08 04:51
 
 
 
 
 
 
Re: to cha
Kobena
10-08 06:30
JAH-jerry >>>>>>>>>>>>>>>>>>>>
10-08 09:05