Scenarios25 Apr 2020 01:43
The most likely and definitely for us all, the most unwelcome scenario is that we have lost everything. That said, the longer this goes on, without a sign of bankruptcy, and without any further comment from either party, the more I feel something is being done behind the scenes.
As Oopsi suggested, IMO this award is unlikely to be a clear cut win for the GOGC. I think FRR are happy to allow the Georgians to claim victory, knowing however that the GOGC only partially got what they wanted. The Georgians will be desperate to get a SM into Block 12 to develop it and are probably massively regretting not sorting this all out sooner, given the recent collapse in the oil price.
And so quietly, behind closed doors, a deal is being put together. No more court cases, no more delays, just a willingness on both sides to get this done.
It would explain the continued silence. If the Georgians in the press release did not claim total victory. They said they’d won, but with suggestions of a more nuanced result.
Who knows, but unlike Puddy and Kenco, I haven’t given up just yet.