RE: Blog out12 Dec 2022 00:16
oil already found in abundance!!!
Now lets get down to the UK Privateer Coro Energy pantomime: “O yes they are. O no they’re not in negotiations”, currently doing the rounds on the BBs, Twitter, and Financial Forums. Are we to believe anonymous posters or do we believe sourced articles circulating in ****stan/Balochistan as well as UK’s Upstream Online?
Occam’s Razor: If it walks like a duck, quacks like a duck, looks like a duck, it’s a duck. There is no doubt that Coro Energy are in negotiations re O&G licences in Balochistan. At what point those negotiations are at isn’t known. What is known is that Coro must have physically been in Balochistan/****stan and held high level ministerial meetings as well as meetings with virtually all the main ****stani O&G companies, if it hadn’t have happened it wouldn’t be reported in over 10 different ****stan Newspapers/Journals… Just because it’s written in Urdu doesn’t make it any less valid. It’s happening.
The article in Upstream writes that Coro are seeking Joint Ventures one of them is purported to be a 100Million barrel of oil with 850Bcf of gas ‘stranded asset’. If that is even half correct the financial implications of such a tie up would catapult the Coro SP into multiples of multiples. We’re talking literally billions of dollars in production. The kicker is, subject to Due Diligence, a stranded asset has already been discovered. There’s no uncertainty: the hydrocarbons have already been found