It's the asset that key here. it's there biggest percentage operating interest in an upcoming drill. Baja are also a really good partner and operator and can save costs with their knowledge and expertise.
Yeah, Xstate probably didn't like the delay to Q3 and didn't want to hang around so bailed although pretty much using a well tat's already been drilled is going to save money and if MSMN can drill it without Xstate albeit with a small raise, then the extra percentage interest of 60% is obviously worth more.
New Providence is where Shell are building a new LNG power station. This however has already been awarded and announced. Obviously the power plant is going to need a healthy supply of uninterrupted gas. They will possibly drill for gas offshore. The prospects BPC have are in the order of 107Tcf gas and 12 bn barrels of oil. This gives a resource of ~30Bn boe.
The Kibo licences are for mining coal not for oil and gas. Oil and gas is different as they have a PSA. This is the sticking point with the Tanzanian authorities as they want to renegotiate the sharing element with all oil companies.
Oil fever will hit the majors. Billions of barrels out there lying in new basins. Majors need to find the prospects that have high quality seismic and had the most work done on them that de-risks the chance of success and are big enough to give them the fever to want to drill. The finds in Guyana can only enhance the possibilities for BPC due to the drill ready status and the work they've done, imho.