Kua, in a statement claimed that the company’s revenues have been raided by the O’Neill government’s insatiable appetite to spend and spend.
He said the Government is not taking into account the consequences its reckless action will bring on to this new entrant in the oil and gas space.
“I dare the Prime Minister to prove me wrong when I suggest that Kumul Petroleum Limited could most likely fail an Insolvency Test if subjected to one and that day may come sooner than we think.
