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I think the most obvious farm out could be 2/13 to cairn as it is next door to lo 16/19 and I think the prospects on 2/18
Extend into lo16/19. It will be interesting to see how big the 2/18 prospects actually are as so far Europa has only published the On Licence (2/18) prospect reserves. (awaiting dunderhead correction) for Kiely east and west and Kilroy
within the next 6 months europa's work will be complete on the irish prospects, apart from drilling
i am pleased to see they are lining up new ventures and getting projects in the pipeline. it is the right time and the right thing to do
so we have applied for a new atlantic margin licence. wonder where?
there are open atlantic rounds in canada (new foundland and jeanne d'arc), greenland, senegal, sierra leone, cote d'ivoire, congo, cameroon.namibia, brazil, cuba, nigeria
maybe one of these areas
i guess at canada or senegal
it has taken providence over 3 years to get the barryhoe deal away
it doesn't make sense commercially to constantly update the market. i.e. if you let a potential farmin partner know they are the only one in discussions you are not going to get the best deal.
Giblets Yes each subsidiary is a seperate legal entity so liabilities of one subsidiary don't affect another subsidiary or the parent. Unless cross guarantees or inter company loans But no one would lend money for exploration for this very reason. Unless they had an asset as security.
Europa oil and gas (new ventures) Ltd This was sorted about 2 months ago. Just by changing a dormant company name but it's a pretty straight forward thing to do and file at companies house so the fact it was done back then means something must be on the cards. Imo. Europa oil and gas (Inishkea) ltd. also incorporated in May. New subsidiary. This is preparation to hold this asset on its own and farm out. Imo.