Darsh Khusial

This is in reference to Clement Smith’s letter in Kaieteur News on October 27 titled “Guyana’s take from oil is larger than many countries”. Clement Smith stated my recent letter is inconsistent with the facts. A copy of this letter can be found here: http://www.oggn.website/2018/10/23/flawed-oil-contract-is-giving-up-more-than-investment-bank-likely-to-generate-in-future-returns. In his letter, the only source of information cited was…

On Thursday October 18th, 2018 the Stabroek News published an article entitled `Merrill Lynch interested in sovereign wealth fund’. The investment world has taken notice of the potential wealth that lays offshore in Guyana. The government should study the history of those who seek to bestow advice on how to manage Guyana’s potential windfall. The flawed oil contract…

On Friday August 17th, the Stabroek News published a letter by Business Minister Gaskin titled, `Mr Hinds completely omitted the profit sharing component of the Esso deal’. The Minister’s math does not compute. His cost per barrel is significantly more than what both Hess and the IMF have stated. I will work backwards from the…

On Thursday June 22, 2018, the Wall Street Journal published an article titled “Eureka! Giant Oil Find Set to Bring Guyana Startling Riches—Maybe”. The Wall Street Journal is among the top business newspapers in the world. It is widely read by many investors and business people such as Warren Buffett and Bill Gates. Thus, it…

On May 17th, 2018 the Stabroek News published a letter by Mr Clement Smith in which he questioned the motives of A Fair Deal for Guyana with respect to challenging the oil contract. In that letter he stated,  “But the saddest part of all is that local activists are getting involved.” We disagree with Mr…

The oil contract contains a loophole that may tempt the oil companies to get around the 14.25% of revenues minimum limit cited by some analysts. The only guarantee is the 2% royalty, but the 50%/50% profit share can be exploited such that Guyana’s average take is less than 14.25% in earlier periods.  On April 1st, 2018…

Many new graduates searching for a job lack the experience they need to get their dream job. They have spent years studying and have good grades. However, without the relevant industry experience, many employers are not willing to take the risk on them, especially for highly technical positions. Usually it takes 10 years to develop…