OT but relevant6 Apr 2023 09:14
JOG.
Farmout deal announced this morning.
Generally positive, so value accretive, but very interesting to study the structure, and how that would have read across to a farmout of our Moroccan venture.
In summary, I’m happy to have a slice of JOG, in this situation given the costs and politics in the North Sea, but very happy that PRD has gone it alone, for exactly the same reasons.
PS Throws light on options for Chariot, too.