RE: Brunei11 Apr 2024 11:14
Sat idle for 20 years, the 800 sq km re run 3d 2012 Kyranis and its findings probably the best we can hope for in terms of a deal at this stage but Quokka is on there and part of Shells own history (Bandicoot if I recall) be nice to think a Major or Tier1 moving in on us, would give some additional credit but from deals over the years, they as us will try to get the best deal for them.
Would also like to think, with 2 sets of history , our 60% of 3.5 tcf ( 595 mbo/e) with upside position , will not be nit picked and quibbled about 357 mbo/e plus upside 60%
We dispose of 40% to a senior , for say a free 1-2 drill program plus a cash bonus, that 20% remaining, after the successful drill (3-5 times deeper reservoir CH2 V ch1) and expecting an upgrade to GIIP and reserve figures, will still be good potential revenues , if AB decides to stay for production, or a nice wedge on selling.
Lap of the gods stuff now JC, the all important WHO (INPEX Filthys wish / Other) comes in with a Godfather offer be it JV or Sale. All in AB's hands now , if huge would he like Yeo ho ho and co sell all NOW and at what value.
Shell return , INPEX/woodside japan mou , or other similar mover, would set fire to Boils perceived market value alone, never mind what the Gas and Condensate might bring......... π₯π₯π₯π₯π₯π₯π₯π°π°π°π°π°π°π°π°π°π°
My first wish was granted, for so long said, AB and his Sundagas team should be driving this, NOW ARE, my second wish that with his Seapex Vice Presidency and contacts, he will STUN holders with what he can get done quickly, unlike the gone and well forgotten.
Q2 should be big for us, moves on construction on the Island also imminent with China BRI, have said my 3rd wish , has always been , that the timing of both projects , is NO COINCIDENCE......... π€