Member Info for noix

Zengas
"Well spud into attic oil imminent and should be done and dusted by end December."
Shouldn't that be "done and completed by December."

ghh
I've got these two links. The penultimate paragraph of the first one mentions pricing and the second link covers the whole PIA.
https://www.thisdaylive.com/index.php/2021/10/03/chijioke-mama-pias-midstream-and-downstream-gas-infrastructure-fund-is-a-game-changer/
https://www.natlawreview.com/article/understanding-nigeria-s-petroleum-industry-act

O&W
I make it around $10.50 boe but as you are no doubt aware the important metric is that, as has already been said, at least 80% of the gross $22 million drops down to the bottom line. It's also worth re iterating that the "maximum daily nominated quantity" of gas in the contract can go up to 35 MMscfpd. There's still considerable upside.

PJT
But it did almost border on the subtle :)

From memory it was calculated that up to 10% of Hammerhead may lie in Orinduik and extrapolating those figures in the article, it's a nigh on 1 billion barrel discovery. Then of course there are the migratory channels to hopefully incremental reservoirs.

Wallact
It's a bit old, hence my "as far as I'm aware" but I've got this link:
https://connect.ihsmarkit.com/upstream-insight/article/phoenix/2725101/exxonmobil-outlines-hammerhead-development-plan

Phoebus
The Hammerhead turbidite channel systems extend into our Orinduik block and as far as I'm aware, the development wells for Hammerhead are due to start next year, with first oil scheduled for 2024. I'm just wondering, given Tullow's recent comment, if further drilling by our consortium in the vicinity is being delayed to tie in with what's happening over the border in the Starbroek.

IZ
Putting the serious hat on for a minute, if the fat lady is indeed clearing her throat, I am minded re your point (a) that AK previously stated that the RTO deal will be transformational and I do not believe he is much one for the hyperbole.

With respect, not so fast Agadem, there could well be some forecasts of over 89p y/e.
And if duster is coming in at 42p, we could be talking multiples of that :)

I've been sitting on the sidelines for some time as far as ECO is concerned. It's Orinduik that excites me, which, rightly or wrongly, I view as a large sponge soaked in oil. With both Tertiary and Cretaceous stacked plays adjacent to Hammerhead and the Starbroek block, I find it extraordinary that exploration appears to have been put onto the back burner. Perhaps the silver lining to this latest disappontment on Canje, is that it will lead to a re think.

https://www.youtube.com/watch?v=s_iRsk7Ofcw

There were circa 840 million placing shares so that could be quite some wait.
However, it is pretty clear there is a seller at present.

No need to apologise. Our Swedish isn't too hot :)
I take it your postpond is meant to mean delay and if so just add an e - postponed.
ATB

In the water depth we are talking about here, the rig should spud easily within 24 hours of arriving on location.
I'm more interested in what they find than when they spud, bearing in mind its fairly imminent.

For those not familiar with the interview that Zengas refers to:
https://www.youtube.com/watch?v=UZh1gj_Kj5I

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Explode-As-US-Largest-Storage-Hub-Nears-Empty.html

www.marinetraffic.com/en/ais/home/centerx:124.5/centery:-12.5/zoom:10

My reading of previous posts is that the purchaser doesn't usually get involved in these disputes but to my mind it does
present a wonderful (orchestrated) opportunity for SAVE to ride to the rescue with an offer of settlement over and above what Exxon are seen to be offering. There would need to be water tight conditions attached, which wouldn't prejudice future relations with the workers but such an offer would certainly get the new relationship off on a good footing.
It's a question of fine balance and as others have said, only AK and Esso management know all the details.
I'm sure that AK will continue to act in the best interests of shareholders :)

Soder
reference your Thursday 17.23, why does a company have to own 51% of a block to be the operator ?
As an example Exxon own 45% of Stabroek and are the operator.

AK is clearly very much the main man but this bit is comforting:
"The quality of the people we are attracting into the business is very, very high. I'm very proud of it, very happy about it, and that's what ultimately will drive our business.
I can tell you, from the top down we are an ambitious company.
Hopefully we achieve what we want to achieve and then all of our stakeholders will be very happy."