In any drill? I wouldn't see char throwing the dice on that...however in acquiring part of it it would be a much higher percentage .
Don't think we are the type to be farm in partners that luxury should be bestowed on the tullows of this world.GBP is substantially under priced on NAV Their acreage and their MC is even more discounted than char based on cash etc. but they are also significantly less matured and potentially look like a business that needs more purchase . Might be a good partner for char... It's the kind of thing in would exploit if I was aiming f
If it was them more likely a similar deal trp did with the mob in Kenya . On the subject of TRP .. GBP directors ..... Here was some interesting comments on their potential interest conflicts .
Petro Viking Energy Inc. (TSX: V.VIK, Stock Forum) said that it has entered into a Letter of Intent (LOI) with each of two Namibian corporations, which hold current applications for offshore blocks in Namibia, southern Africa.
The blocks are situated in the deep-water corridor in Central and South Namibia.
According to the Petro Viking press release, the LOI’s are dated May 1, 2013 and provide for the acquisition of 75% of the working interest in blocks 2712B, 2812B, 2912 and 2611 respectively.
Upon closing, this intended acquisition positions Petro Viking into the heart of the emerging Namibian oil and gas play.
Offshore Namibia is considered highly underexplored. Several drilling programs are underway and have been announced for the remaining months of 2013 and into 2014.
The provisions in both LOI’s are non-binding. Execution of the definitive agreement is subject to completion of satisfactory due diligence by Petro Viking as well as board approval by both Petro Viking and the respective Namibian corporations.
The LOI’s and applications for licenses are subject to Namibian Ministry approval.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.