RE: Quarterly report29 Oct 2018 20:15
PEL 94 wasn't part of the mandate, we know that. Read across and same plays as 29 was announced by the board prior to C1 result.
Tullow, ONGC and most likely Africa oil/energy in agreement the prospects on 30 and 37, they have all the data from years of research and concluded each prospect has the same faulty seal, oil, although clearly lots of oil was generated in this location as research and data showed, it has migrated however.. A very familiar story it is turning out to be.
Now.. GBP know this right? It hasn't announced read across for fun. It believes the same play exists in both licences.. 29 and 94 but the mandate is only for 29.. so it's already somewhat 'out of date' from want of a better explanation as GBP have linked the two together.
Tullow, ONGC, Africa Oil want the oil.. the belief was the answer lay in blocks 30 & 37.. they were clearly wrong which brings GBPs scenario and belief to the forefront.
It is 94 that has suddenly overnight become a focus imo. Just 29 on its own might not attract oily's just now, but throw in 94 too and it becomes a different best. A beast that many will have lots of interest in. If it's not currently up for grabs, grab the company who has it.
Africa energy buy in, then farm out 94 to tullow and possibly ONGC for full 3D seismic data and drill commitment etc etc on 94.
Upon success here, Africa oil/energy then focus on 29.
Just rumblings....