Social commentator and former Chairman of the Guyana Geology and Mines Commission (GGMC), GHK Lall is urging the Government to immediately demand a full 50 percent share of oil profits from ExxonMobil, arguing that the company has effectively recovered its historical investment costs and that the cost recovery phase under the Stabroek Block Production Sharing Agreement (PSA) should now be over.

In an opinion piece published Thursday in Village Voice News, Lall contends that both ExxonMobil and the People’s Progressive Party/Civic (PPP/C) Government can no longer justify Guyana receiving only half of the remaining 25 percent of oil revenues after cost recovery.

“The time for sparring is over. So, also, is room for dancing around and dodging,” Lall wrote. “A full, accurate, credible 50 percent of oil profits is now due to Guyana. Exxon must be a partner. An authentic partner with accounts that match. The PPP Govt must put aside its own priorities and push for a real half of profits now the right of Guyana.”