I think we can expect farmout News from Mauritania, Namibia and maybe even Morocco within this timeframe..
"The MZ-1 well will test 4 stacked objectives with an initial target depth of 5,600m. The JV may elect to test a fifth target by deepening the well to 6,150m. These targets include both structural and stratigraphic traps in the Cretaceous and Jurassic intervals. Within the Lower Jurassic interval, stacked fan systems (MZ-1 well will test two of these and three if the well is deepened) exist within the Jurassic source rock, which increases the chance of oil migrating from source to reservoir."
Chariot is Drill Ready in Morocco targeting a 618mmbbls 4-way dip faulted Jurassic carbonate prospect (JP-1) in Rabat Deep and a 460bcf gas lead in Loukos and also has some significant follow-on potential from other prospects, Dataroom is open, there may be some potential partners wanting to secure a percentage of our acreage before it will become further derisked a more expensive to acquire..
Any farmout has the potential to give the SP a huge boost, Data rooms open & Drill Ready in 3 countries, Mauritania, Namibia & Morocco!
and the Drillship Atwood Achiver will prepare to spud the next potentially derisking well, this time in offshore Morocco, let's see if they can help us fill up our Morcco Dataroom as much as in Mauritania! For now Mauritania with it's largest Natural Gas discovery in all offshore Westafrica remains the main Driver...
One more Deal! Could happen any time, not only in Mauritania, all Datarooms open in Mauritania, Morocco, Namibia and Brazil, farmout deals will be worth multiples of and of course will we have huge impact on SP! Mauritania most likely to be drilled in 2H15/1H16 which will geberate huzge interest following the largest Gas discovery in Mauritania and Cairns Billion Barrel discovereies in Senegal. in Namibia, we also have a chance of a potential partner interested to drill in 2H15/1H16, but also we have time and the option to do more seismic - boosting up farmout Terms. Morocco is Drill Ready as well, also partnering inititiated, we will very likely see lots of free carried wells for billions of Barrels of Oil within the next two years.
Short memories - Mauritania and Senegal were the largest discoveries for oil and gas in recent memory ..and now we are waiting on a drill in Morocco 1.3bn - 3bn bbls. Keep moaning and I will keep buying as you get bored and sell out ... Waiting for the farm out
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