Just a hunch, KG Basin was given purely as an example Magna are cashed up and in all probability looking for much bigger opportunities than what Oilex Cambay offers. There is a bonanza sitting in the Bay of Bengal, desperately in need of money and expertise to develop it. Just the sort of challenge that Watts and Co could rise to.
and we already know that watts bhanbdari and brown can succeed where others failed. That is to say, buy as cheap as chips, open up old wells and rename them. Will they again reward mcarthy and this time ronny, poss js too, after all their failings at cambay and bhandut. Well not all failings as we do have lots shut in under review that has production and deliverance facilities in place. albeit it that js has said they are basically uneconomical. And again Conger/all, whats your view on this… Read More
Great posts again credits, keep up the good work. Conger. were I able to agreeb with you thatb I had the ability to talk the sp down, then not only would I not be angry, peed off, amazed at more shenanigans over shut down of cambay and bhandut too, and the fact that js benefits from the sp being as low as poss when he gets his 100k worth rather than that deal be done at say .75p initially rather than mda and then at .77cents, I would be a very rich man rather than a poor one here. Span, wish… Read More
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