RE: brilliant podcast on Sunday roast23 Apr 2023 15:45
Yes. Some points I jotted down...
They are building up the assets to sell. Morroco is the nearterm focus, next few weeks. MOU 3 drilling. Monetisation this year.
MOU3 drilling targets everything. The primary target in MOU1. The sand below that. The 2 shallow sands. Target the sands from oringinal reservoir unit in the original CPR the 659bcf recoverable. Plus other additional targets.
They are smart. They want to prove it and sell it. Find an area to prove up. He gave the example 40bcf. Develop compressed natural gas, no fixed pipeline, sell it to industry. 150 to 200mil dollars. He is very confident in MOU3 coming through as prognose. They can say with greater certainty due to the previous drilling activity and data from those drills.
Lots of companies are interested in their gas and asset. Approached by companies who want to buy gas. They haven't set up a data room yet as they are focused on drilling right now. But plenty of interested parties. They can create a deal very easily, but don't want to offer everything early.