We would love to hear your thoughts about our site and services, please take our survey here.
Ok Pilot. So you will disregard all other assets then. It seems very over simplified to me. Sorry. PANR have a market cap of 386 million ish and their production is currently??? 100 bpd… or a little more. Someone tell me.
Nice thought but it wouldn’t be a bit odd. It would be unprecedented. You could achieve the same by teaming up with a much smaller operator/producer and then CWC wouldn’t have to change their entire business model. CWC are likely going to provide some services to COPL though if they are connected and worked together before.
Hi adusiek, yes it would be producer as that is their core business. CWC are not one. They are a service provider. They do have different divisions offering different services yes. It would be very rare/unheard of for a Drilling contractor to have a JV with a producer/explorer. DCs get paid day rates for the work they do, that is how they like to work, in a JV they would be at a disadvantage. They could however be the Drilling contractor of choice for COPL and Southwestern but certainly not the JV partner.