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Foreign E&P company: Hanging in for 10 years and still remaining bullish
Feb 27: Despite all the hype, there are very few oil & gas companies working in the Indian E&P firmament at this point in time
8Most of them had bitter experiences and given a second change, would rather invest elsewhere.
8There are tenacious few who seem to be hanging in despite litigation, boorish conduct by regulators and financial losses.
8The website carries here the story of one such company, who had hung in for 10 years, weathering all that has been thrown at it, while still remaining ambitious about its Indian mission.
8It looks like the company is eventually getting the PSC extensions and lining up funds to embark on a multi-TCF programme
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