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
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Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand
The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.
To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.
The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>