RE: Pipeline3 Jun 2021 12:33
Yes and why shouldn't they be allowed to benefit Buffy. Certainly when the likes of China, India and of course Germany continue to look after number one. As GettingBy so succinctly put it, it's only the virtue signalling western politicians who are falling for the green scam, which when everything is thrown into the mix, is about as green as the brown lignite that Germany burns. When the west is priced out of even more markets and consumer's disposable income is reduced to zero due to sky high to energy costs, perhaps the penny will drop. But hey, every cloud has a silver lining and SAVE appear to be beautifully positioned to take advantage.
Exxon have to date discovered in excess of 9 billion barrels of oil in the Stabroek block in Guyana and the Lisa 1 field is already producing up to 120K bopd, with an additional 220k bopd when Lisa 2 comes onstream next year and 750K bopd from the block by 2026. To my mind this augers well for the deal terms in Chad/Cameroon.
AK has come in for a bit of stick lately but I agree with Agadem, the suspension was almost certainly originally timed for Friday at close of business. Hats off to him for continuing with the presentation regardless and for potentially pulling off a transformational deal.
ps I hope this is taken in the spirit intended but while on Guyana oil, keep an eye on tiny Eco Atlantic who, together with partners Tullow and Total, should re start drilling the Orinduik block, which sits alongside Stabroek, during the next 6-9 months. Two drills to date and three discoveries, albeit heavy oil. One to research and watch.
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