The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I suspect, and i mentioned it, negotiations about a namibian farm out are ongoing for a while, my guess is that the azinem merger was needed for a deal with a major.
That also may explain how eco got a ten years extension, now that graff and venus looks great we might get a big news near term..
My tp for eco on spud is 70p min'.
https://www.bnamericas.com/en/news/esso-targets-q4-for-new-guyana-well-campaign
An updared epa approval was released, the campaign is permitted and will commence Q4.
https://www.epaguyana.org/epa/eepgl/download/16-eepgl/932-canje-12-well-exploration-and-appraisal-project
Just saw it as well, for now the canje campaign is updated to start Q4, as well as kaieteur.
The fact that trp seeked the mindwit approval before the funding commitment has been met shows the time pressure they are in.
Im not sure an extension will be given, if they cant f.o at 90$a barrel they cant f.o.
In may any company might try to take 100% of the license with a well commitment, same cost but 100% interest.
If asher did say news will be released by month end then its probably a dead line for beluga coming up with the funds, so in that case its not the news we are waiting for.
The problem is that if the beluga f.o fails trp might loose the license.
Canje jv reviewing alternative santonian targets due to latest stabroek discoveries..
Some more interesting information..
The njonji deal is expensive, for 30m$ you can pay the gross cost of gazania-1 and take 25% of the 300m boe prospective resources with a discovery of light oil on the same structure in what is turning to be the worlds new hot spot.
Gudin, i emailed the company after the jhi latest transaction to congratulate and asked if that was the deal they implyed about in the prior rns and was told this transaction is just the begining.
I suspect the next transaction could involve africa energy but thats just a guess, a swap would be great for eco.
Its all about consolidating to better manage risks and funds, the assets are prime assets.