16 January 2012
TAG Oil Haemorrhaging
Canadian oil company TAG Oil has lost 30% of its
value in the two days since the announcement it had lost
East Coast exploration partner Apache Corporation.
seems to be around $70 million dollars a day" said Manu
Caddie, a Gisborne District Councillor who has raised
concerns about the risks of drilling in the East Coast
"So they are in free-fall and still putting on a
brave face that they can carry on in the East Coast Basin
without the $100 million Apache contributed, without the
exploration experience and expertise Apache offered and if
this haemorrhaging continues for another couple of days, it
will be without any company value
© Scoop Media
On Pharmac, Gough Whitlam And Sleater-Kinney
Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.
Except that we’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations.
Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>