Prof Robert Ebo Hinson wrote:1 “Most analysts nowadays use a US$ 50 per barrel oil price”. Mr. Simons makes this categorical statement without listing any of the analysts he refers to. Moreover, it is profoundly inconsistent with Mr. Simons’ own claim that, US$ 300 million has been spent on the two blocks. It would seem that Mr. Simons has been skimming through the annual reports of Aker and TRG looking for spendings by Aker Energy and AGM. Clearly none of these discoveries are anywhere close to Nyankom and Pecan in Mr. Simons’ chosen world of “richer discoveries”.

Source: GhanaWeb August 16, 2021 06:33 UTC