RE: 10 Oil and Gas Companies to follow in 2025 suggest @TMSreach27 Dec 2024 12:22
"...An October update reported that the company had received an updated proposal from the interested party, which would provide more than $15m funding for the Thali PSC work programme, including drilling the NJOM-3 well in return for a minority interest in the PSC, with TRP remaining as the operator. Importantly, the proposal does not contain any financing contingency as the counterparty has available funds, and a portion of the funding would be secured by a bank guarantee. TRP is currently reviewing the current proposal and clarifying its terms where appropriate, and expects to work on detailed contracts with this partner, or one of the other parties interested in the licence, ‘over the coming weeks’..."