AOI possible exit from ECO portfolio...23 Jan 2024 21:20
I'm a long time lurker with significant investment in eco starting in Hammerhead days. My first post.
Here's a reply from ECO when I asked about an AOI comment at their recent conference call. Note,"significant, very significant" carry (on 3b/4b)
Best....dat
“Roger Tucker: Eco, we are in – associated with in 3B/4B and we are in active discussions to farm that down and get a significant, a really significant, carry through that. And at that point, we will be looking at options, if you like, to exit amicably from the Eco portfolio. And so you can expect to see those things rolling out within the next three months, I would imagine. So it’s – we're still in the clean-up phase.”
The important point here is that Africa Oil and its Block 3B/4B partners are in active farmout discussions for the block and the priority is to achieve a successful deal.
Best regards,
Shahin