October 17, 2008

Say it ain't so, Jethro

Sherritt drops plans for drilling off Cuba.

Cuba's state-owned Cubapetroleo (Cupet) reported that Sherritt International Corp. has canceled its agreement for operations in Cuban waters, saying the ventures were not viable.

Sherritt's evaluation was that exploration activity was not worth continuing, an option available within its contract, said Cupet Exploration Director Rafael Tenreyro. "They have their reasons for not continuing," he said.

What a shame, especially now that Cuba is swimming in crude oil. The Havana Hillbillies are gonna have to pack of their jeep again.

No comment from Sherritt's mouthpiece, Phil Peters.

Posted by Henry Louis Gomez at October 17, 2008 05:40 PM


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