RE: My theory21 May 2019 17:12
We've covered this before a few times the Congos GDP is not massive but they can use a bit of economic savvy here theyve been doing this a while, 70% of GDP is oil and gas income. SNPC are not morons they're well aware of what is there. They might not be Qatar but they can count and will keep 44% and pay the debt and cream the future income if they are pushed, they will find 600k easily if they feel there's 10x that in revenue down the line. People have continually pointed out we have the upper hand etc. Im not buying it tbh. Im not arguing for the sake of it here. 600k a month is nothing to a government backed oiler. The issue in my eyes is red tape and not that we've got them hard up paying us. I suspect AAOG are playing very nicely here as ROC are happy to privatise the industry, get a smaller free carry and enjoy tax revenues.
We all need to remember neighbouring fields produce 5000bopd. Are they using top end seawater injection pumps, ESPs etc which we cant afford atm or natural pressure? Nobody has told us we'll have that production! Im adding when I can here but Im just questioning the delays and lack of info atm...ive been in the best investment on aim a few times. Its a little funny lol