Equatorial Guinea cancelling CHC contracts
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Equatorial Guinea cancelling CHC contracts
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Roybert
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TIA. The squeeze is on, it doesn’t matter how much CHC has done it isn’t enough for a culture of greed. Richest country in the world (per capita), and they put road tolls everywhere on their 20km of roads. Really an oil company problem - if the contract isn’t profitable nobody will bid, and all additional costs to helicopter operators need to be covered. And the oil companies could have concerns on the quality of a nationalized operation.
the oil companies could have concerns on the quality of a nationalized operation.
Really?
They would close down their entire operation and fold their Tent, pull up stakes, and go home?
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Roybert
that’s my point - nothing is as they would like you to think. Quite a straight-forward story - you would think.
my view is that it’s another ‘play’ and someone somewhere will make more money from it
that’s my point - nothing is as they would like you to think. Quite a straight-forward story - you would think.
my view is that it’s another ‘play’ and someone somewhere will make more money from it
Ditto Albatross ! Been in some grim places in my working life.
This one was the worst I have ever seen !
First experience of people trading cat-meat as food !
El G.
This one was the worst I have ever seen !
First experience of people trading cat-meat as food !
El G.
I'll get a couple of things off my chest on this topic which I have pretty good experience of.
1. CHC even in this market were likely making plenty of money in EG, it was a monopoly in a market with very high barriers to entry and no mean amount of risk. They're also flying S76C series which are hardly expensive to run in this market. Most of the ac they had in EG were owned anyway.
2. If this comes to pass, I'd put money that the CHC management in charge of it (not base staff, in the offices abroad) knew this months in advance, were warned, ignored it as 'same old Africa', did nothing and the authorities pulled the plug.
The base staff have been superb. The fault for this if it comes to pass is elsewhere.
1. CHC even in this market were likely making plenty of money in EG, it was a monopoly in a market with very high barriers to entry and no mean amount of risk. They're also flying S76C series which are hardly expensive to run in this market. Most of the ac they had in EG were owned anyway.
2. If this comes to pass, I'd put money that the CHC management in charge of it (not base staff, in the offices abroad) knew this months in advance, were warned, ignored it as 'same old Africa', did nothing and the authorities pulled the plug.
The base staff have been superb. The fault for this if it comes to pass is elsewhere.
