If 9 analysts are being invited to the Nervesa drill site for increased coverage that demonstrates real confidence to me. Also, the last rns alluded to the idea of the possibility of a significant reserve upgrade at Nervesa. I believe the two are linked. Get loads of coverage, and then hopefully a successful drill followed by better than expected results. That would br great. Malcy would be all over it like a rash.
They are farming into NOP's small asset in Italy, at the other end of the spectrum there is the British Gas bid. They seem to be aggressive at the moment. Probably a good time to do so with low energy prices. An excellent time to buy a Major I would think. James Parson worked for Shell for a long time, so will have connections. I wouldn't be surprised if Shell were to be announced as the Badile farm in partner. Ponkey might be onto something, they want to diversify more into gas as the price is holding up better than oil.
Only, my opinion, which doesn't really count for anything, I have never thought that a major would want to buy out Sound Oil. I have never even thought that a major would be interested in farming into an asset the size of Badile.. But then look at the deal NOP got with Shell in Italy....so who knows? But obviously at least one company is interested in Badile and I am extremely confident that news on receiving all the necessary permits will be swiftly followed by farm out news. The statement below also keeps the door open., so probably not very significant. Imo
The energy group has put a 15 percent stake in its gas field in Mozambique up for sale, Chief Executive Claudio Descalzi told Corriere della Sera in an interview published on Sunday. Descalzi also reiterated that the company was not looking for any acquisitions, "although anything can happen".
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