whats going on then ?30 Oct 2018 20:50
Okay.....could the answer be staring us in the face.
If Zaza has a mutually agreeable service provider signed up, that has been part of our work so far, and who we work with well, and is acceptable to super majors (or just oil S.major), then we retain control over the blocks development.
Without BH......how's that going to work ? It won't.
We need BH, between us and ...say Exxon.
Otherwise if we hand it over to Exxon to do all the work, then the guys on the ground are who they choose, and report back to Exxon...not us.
We would get no 'hands on' in the decision process, and there would soon be a fall out.
So the BH announcement comes first. Then supers majors one by one.
It could just be that Frontera don't want to hand over the reigns of power totally to the super major, and take the financial gain only.
Frontera want/need to be involved.
Otherwise we won't grow our knowledge ....if we just take the money. You know what Steve's like, and I expect Zaza too, they like to be in control, they enjoy the technical aspects of what they do, and are proud of what they have achieved, so won't want to take a back seat in Georgia.
They will want to steer the ship, choose who does the work, how the work is done ,(*safety),and realise the full gain from block 12.
Forget the CPR's......off the record these guys have a strong opinion of what is down there. They can't say it in public. So they are going to really want to be there as it's discovered, using super majors money.
Basically....two ways of doing it.
Have a cut of what the major finds
Or major has a cut of what we find together.
I think we're going for the latter. JMO
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