Dave posted:Exxon take risk and invest- according to Jordan.. Hey Hey .
Guyana is on the hook to repay every cents that Exxon invest, so what risk did Exxon take.
Absolute Nonsense!
Exxon took all the risk in event no oil was found. That’s the risk!! Guyana is not (never was) on the hook! Now that they found oil, Exxon will recoup their upfront investment first! That’s a standard model. Guyana owes Exxon nothing unless Guyana cancels out.
I thought you were a business man! How do you run a business, is your upfront investment disregarded?
Read what he said carefully! Exxon would never have taken the risk if it was not a sweetened deal. This all played into their risk-adjusted return on investment model!
Badal’s risk were very different and his strategic implications on Guyana were nothing compared to Exxon’s venture!
Frankly I find Badal coming across very self serving!