Member Info for BigBear2

Governor of OPEC Edit
From 1976 to 1980, he also took on a position as Governor of OPEC Special Fund. In 1978, he became Gabon's Director General of Hydrocarbons, a position which he held until 1991. While he was Director General of Hydrocarbons, Samuel Dossou-Aworet also held the position of Gabon's National Representative to the African Petroleum Producers Association (APPA), from 1988 to 1992.

After this length of time if it’s dust I will be staggered.
Side track., mechanical fail you would think warrants an RNS so feeling quietly confident we have something here...

After hours.
The whale is hungry

63.62 close enough

About 64 I reckon

Over 200k expecting bigger ones after the close

Bots turned on blue mode

Tullow have no near term maturities and I cannot see them agreeing to a deal at less than a fifth of the value of their share.
They have many other assets they could flog that’s the jewel in the crown

What u talking about 200 mill they are getting 900 mill plus retaining a share

Indeed what the fek is that about ‘no we don’t want free gas’ nuts

i’m Geo but here’s what I know
A tullow has over a billion barrels of booked reserves
Uganda is absolutely massive
Kenya looks very attractive and is close to FID
Ghana still a big producer and who knows what it could do if someone with deep pockets takes it
Yes the 2 finds are what appears to be a mobile heavy oil but the odds of no light oil on prime acreage are slim

All in all VERY attractive to a major

Was looking him up as you say he is a big player in Africa with dealings also in Seplat.
Wealthy people clued up in the industry don’t pile in a hefty sum like that without a lot of confidence.

Not like the old days in the falklands is it!
Repsol are such a huge outfit they don’t bother with any announcement of spud so this is tight as a drum on leaks.
Just wanna see that RNS with the word discovery in the title....

Slightly deeper drill but imho they are analysing oil composition. Be v surprised if nothing by end of week

Yup agree early days but IMHO things happing in background and for sure I think any t/o would be in place before they have recruited new ceo

TOTAL are not going to simply say that looks cheap let’s buy. On paper it’s an absolute no brainier due to depressed mkt cap and overlapping assets but they will carefully consider the overall package.
If you have not read the Ghanaian press there is an appetite for a true supermajor to take over Jubiler. Our mystery buyer could be the first step to ensuring any bid goes through....

Main thing is we have a substantial buyer...and he ain’t buying that many shares just for a Carapa trade

Looks to me a bigger game being played here.
Carapa 1 is a side show I think we will be seeing some sort of offer near term

The point is just because it’s heavy does not mean it’s wortless..
Mkt just said not light oil so kr9p

Sounds pretty positive to me...

Fluid samples were taken in both of the wells and were sent for analysis by the Operator. The complete fluid analysis has not yet been received however, initial results suggest that the samples recovered to date from Jethro-1 and Joe-1 are mobile heavy crudes, not dissimilar to the commercial heavy crudes in the North Sea, Gulf of Mexico, the Campos Basin in Brazil, Venezuela and Angola, with high sulphur content.

The partners have sought third party consultant with heavy oil development expertise to answer our technical queries and provide an initial assessment of several potential development drilling and production scenarios. The Jethro-1 discovery has the advantage of 8,500 PSI reservoir (2,600 PSI Overpressure), which increases drive efficiency; high reservoir temperature of 94 degrees Celsius; and an estimated flowing well head temperature of 90 degrees, which both increases oil mobility and provides an advantage at the floating production facility. The Company remains optimistic in considering the development scenarios and as the project progresses will define further information on plans and timing.