I read the link you posted and it didn't suggest a drill in Morocco in November nor any timescale at all for that matter. Cairns half-yearly report (June 30th) say it will drill a non-operator well off north west africa after the next Senegal well 'withing the next 12 months." Cairn only has non-operator wells with Chariot (C19) and Kosmos (Cap Boujdour) off north west africa. Kosmos' presentation dated October 2014 says it plans to drill its Moroccan (Cap Boujdour) acreage in 2016. That only leaves Chariot's acreage in Mauritania as Cairn's non-operator option off north west africa. See page 5 of Cairn's report and page 12 of Kosmos' presentation if the links below work. http://www.cairnenergy.com/index.asp?pageid=758&year=latest&ref=inv http://media.corporate-ir.net/media_files/IROL/23/238878/RBC-London-10-07-2014-v4-compressed.pdf
FAR - one of the junior partners with Cairn - share price up 45% today. The reason for the subdued response is because Cairn have yet to call it commercial but have hinted strongly that it is. Once it is declared commercial then happy days. The India tax issue is also hanging over Cairn's share price ..
I hear you :-). My opinion is that to get a committment on acreage valued at zero would be a positive step - a good step forward. We might just get a surprise However.. There will also be three drills next year in Namibia.
Morocco is very likely to drill next year so I will also be accumating more each month.
Wheep - was there any hints on Namibia on your email exchange with Larry ?
I agree but what type of a deal will be done on Namibian centrals? In my opinion I think it will be commitment for 3D seismics and an option of a free well carry at a later date. We all know what the current market would make of that!!!
I've always been optimistic here but I'm starting to become realistic as well. I ll keep on adding until we get a firm drilling schedule which in my opinion will be sometime in 2015.
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