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Have you seen what china

Tom Horn

Well-known member
Sep 22, 2018
Reaction score
Political Leaning
Very Conservative
Does with the other partners of the JV oil licenses?
They keep them, don’t assign any interest to them, all under the guise of reusing those credits to either re-work a well, drill a new one, acquire seismic, or build new pipelines.
Case in point: Horizon Oil has had JV statues with them for over 10 years, and yet they haven’t been able to receive any of their cash balance. I see zero evidence of them receiving even a nickle. I think the same has held true with Nostra Terras JV in Egypt that is operated by the Chinese. Just waitll Savanna Petroleum sees what’s in store for them in Nigeria.
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