RE: After New Year30 Dec 2021 16:40
Iamrich, unfortunately I don’t have the answer for you. They’ve made it very clear that they are looking to partner up for farm out but the reason for the delay is anyones guess.
I think your on the right tracks, in my opinion it doesn’t make good business sense for a minow such as GBP to make corporate contracts to farm out if there’s no certainty of oil due to the overheads it will create.
I suspect after the expo in Dubai we won’t be short on suitors and we will have done our due diligence on who we will want to partner up with. Venus actually belongs to Impact with total being the farm out partner back in 2017.
If Shell or Total hit oil Qatar Petroleum, RDS, Total Energies could be just a few that maybe interested.
We’ll soon be entering a news rich period in Q1 possibly going into Q2, I’m sure the BOD will give some insight as to what is going on soon.