RE: James Goozee thoughts on COPL20 Nov 2023 19:13
Trans as you should know, I never invested any JV. As at the time of my original investment, JV was not muttered even by the most ardent, 'monkey house fire' supporters... (I/we/they/us were happy to clap the "transitioning" from the walking Nigerian dead to a going USA concern)
What was on the cards back post Atomic was a field that showed clear potential to get to 5kpd.
(Quickly skimming past early confidential well drilling/strangulation-acquisition of our 'pardner' CUDA WI, and a mild mannered tea lady pointing towards a dusty old cupboard labelled Mobiloil??)
With recently installed, infrastructure, and enough OPEX to re energise the field I firmly believe COPL will deliver 5kpd.
(This is not fracking rocket science, also lets not forget the progress made in fracking techniques and modern recovery statistics (75%??)
Do I personally believe JV are being discussed. Yes.
Do I believe that negotiations can reach a conclusion. Yes.
What's going to be the conclusion ---?
Given the amount of time the parties have been engaged in discussion there seems a LOT to chew over...perhaps considering Bigger scale, CO2 future #GRETA tax credits...
Who knows indeed.