Probably a moot point given Tullow’s January update this week only contained this pathetic reference to Orinduik - ‘ In the emerging basins of Guyana and Argentina, Tullow continues to seek opportunities to unlock value from the significant prospective resource base.’
They’ve said the same for about three years while unsuccessfully trying to farm down their share. Therefore talk of drilling the next Orinduik well any time soon seems misplaced, possibly misleading.
Well I didn't see that one coming. Having your first ever actual shop retail arrangement with a national supermarket chain seems to offer an interesting risk/reward dynamic. Hopefully a great deal but I have mixed feelings.
I still don’t get what they intend doing with any gas arising. On the one hand they claim it’s very valuable and commercial, on the other it’s apparently something just to stick back in the ground either as a proponent or simply a waste product. Perhaps they can clarify during their webinar.
I get a quote fine at under the ask.
I guess DELT is in the quite substantial mix -
(Share Talk) - ‘The #NorthSea Transition Authority, the government-owned body that regulates the North Sea oil and gas industries, said that it had received 115 bids from 76 companies seeking the rights to 258 geographical blocks or parts.’
I’m intrigued by the thought of them taking mixed gas out of the ground then pushing it back down the hole - then taking gas out of the ground, then pushing it back down the hole…then taking gas out of the ground….and so on. Made me smile, anyway.
BOO stole a March by buying a significant wedge cheaply off market, thereby avoiding sp increases if bought in smaller tranches on open market. However, there could now be quite a competition upon resumption to acquire the company, so it’ll be interesting to say the least.
Maybe he overslept..?
The Revolution stand looked good in our local (large) Boots this morning, with all sections having stock and being well presented. On a fundamental level the business looks to be maintaining decent production levels. (Many shelves with empty spaces in Boots for other products.)