It really doesn’t need to be that complex, I think you’re reading into it more than needed. Personally I think Snpc will give up equity for funds owed to Aaog. Hopefully the final meeting went ahead and the psc additions will be included. Could find out next week regarding Q1 or Q2 drill availability. Still, big cloud regarding the isa funds, smp. As for the atog shenanigans that all looks a bit sketchy to me.
Simple, until the company that uses it decides whether to extend their contract or not decides when Aaog get the rig Q1 or Q2. So it’s obvious they don’t know yet.
You’re talking as if it’s a binding agreement Tiburn, it’s not and both parties can just walk away. What if the oil trader on finding out a drill isn’t available until Q2 finds a better place to park their funds. Or after their dd has been concluded after a drill (which will be q3 by that time) and it doesn’t match up to the term sheet.
‘Growing portfolio of operations in Africa’ that’s correct ‘operations’ but no oil, no psc, no drill, no funds from smp, dodgy deal with YA, no payments from snpc, all they’ve grown is the size of the money pit!
Tiburn, you are not really in a position to have a go at anyone looking at your history of smashing in jigsaw pieces where they’re not supposed to fit.