RE: To raise or not?30 Jul 2025 10:23
They shouldnt need to raise as namibia and SA is on hold till farmout conclusions
The issue is the conclusion of the farmouts
Cameroon - we were told the delay in rig contract was down to timing but was good availabilty, then months later we were told the licence ext was subject to seeing confirmation of rig contract , i mean its been a complete mess when there was good rig availabity in may
The rig award RNS doesnt actually confirm the rig, it proposes the rig it states but subject to x y and z and we only have a slot available in october really, cant see Addax delaying for little old TRP
Get a move on JA and what is plan B !!