Possible scenario18 Jun 2021 18:49
I spend some time thinking about where we are with Falcon and what is next. It is been strange and sometimes difficult, but I think I finally have something that may lift the spirits of everyone on this board. But first you need to make few assumptions:
1. POQ is working for us and is not playing golf or having beers.
2. Origin is not looser and they know what they doing.
So with this in mind lets review current situation. Origin just started to move on Kaylla , satellite images showing some activity but not much. Origin also looking for another partner this news came out 3 months ago. Maybe already found one. The logic is simple if you are negotiating the deal with another partner you need to stop your operations. The potential partner maybe is doing discovery and what that means everything has to stay frozen while this discovery is happening and NDA are strictly enforced. I am 80% sure that is what is happening.
Now Falcon - with 20 something %% sitting in the great position to negotiate. Here is the deal lets say we have someone like Inpex huge Japanese company. They will be only interested in the equal or majority position, so If you split Origin position in half, Falcon becomes major and deciding vote in this partnership. Ether Origin or Impex will not want that... So that is where negotiations are happening and POQ earning his paycheck.