RE: Doubting Druid !8 Mar 2024 11:42
Druid
Posted in: CEG
Posts: 468
Price: 0.0475
No Opinion
RE: I'M IN26 Sep 2023 13:53
In4, I agree there are iffy little bitsies of unpleasant acreage to sell, as we have, and no doubt will again, also without any benefit accruing to shareholders I suspect.
But what I was referring to was the strong contention you rampers have that a major will farm in to our Uruguay block. This is where we have nothing to sell. No data. No leads, No plays, and certainly no prospects....and crucially NO discovery which is the usual ENTRY FEE into that major farm-in discussion (barring a huge discovery on trend next door which I accept is a possibility however remote, but there is nothing to hitch your horse to for quite some time if ever). I maintain, that you have more chance of going to the moon without a spacesuit, than we have of getting a major to get into bed with a spurious minnow of horribly ancestry and catastrophic track record with no discovery....I think the majors have plenty of good prospective acreage available, and they can wait us out to acquire the Uruguay block (if they really want it) , and pick it up when we fall apart inevitably. Or they could acquire it differently. Either way, shareholders, which is what this board is about, will get nothing but a rogering again.
I am sorry, I have seen this ball bounced before by this same team, and again I do not think a major will adopt us.....I cannot think of a single example where a blue chip company gets into bed with a grubby little failed lifestyle partner who has nothing to sell. Why would they?
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