Gneiss Energy’s Doug Rycroft quoted by Energy Voice

 

Gneiss Energy’s Doug Rycroft was quoted this week by Energy Voice, talking about the impact of the failed farm-out by Tullow Oil.

“The plug was pulled because issues around taxation could not be resolved, and with these talks having been running for about a year, it appears to be an item on which Uganda is sticking to its guns,” he said.

“News like [the pipeline suspension] generally makes IOCs nervous and significantly changes the landscape for smaller players who may have been considering assuming exploration risk with a view to farming in a larger player upon discovery,” he added.

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