RE: I’ve switched the lights off, put the cat and the milk bottle out.25 Feb 2025 15:18
Hey Surety, I agree with most if not all of what you say.
I think they are fully engaged they have to be.
I think AP must be exasperated with Duncan Wallace that comment back on the July proactive webcast ( you reminded me to watch previously) he made was really strange regarding the results (finding or not finding gas is not essential, I para phrase) for the A3 drill? If the can find no commercial value from Loukos, Anchois, Lixus, Rissina then its literally years of mistakes: Wallace, the geo team and CPR advisors must go and to allocate ANY funding would be unfathomable, also who (OnG operators) would buy into any of the teams evaluations for another go at Nambia....
But as you, I and others hope. ENOG are negotiating for the best deal they can squeeze out of a financially distressed company....but again as we have discussed we do not know how long the remodeling proccess that ENOG will have conducted took to do, and only then would they start a costs reevaluation and only (I assume) after that they would determine the required gas price to make the profit vs risk they see in development? Could all that take longer than six months, how relevant would the old Subsea Alliance FEED paid for (by Char) and conducted by the Subsea Alliance be relevant to the original farm in with ENOG or the revised (if there is one) new development?
Is it more than a years work 🤔
I think this continued SP slide is spooking (if I can get anymore spooked) me, as its not stabaliseing, this is compounded by the market (and us) not clear on cash runway for Chariot.
Kindest Sft
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