RE: I3E Tweet2 Feb 2022 13:13
After reading that it comes to me that there is no one for serenity:
Shafiq: The focus is on Serenity at the moment, which we could move forward to development after appraisal. We have been speaking to a number of counterparties, as we have told the market for a while now. But we would also listen to farm-in proposals for Minos High, which is attached to Liberator.
You will know that the Liberator drilling was not as successful as we hoped it would be, but it did confirm our geological interpretation of the area. And that is that Minos is connected to Liberator, is connected to Blake, is connected to Tain and is connected to Serenity—our view is it is just one big structure. So the Minos prospect is pretty large and there is some interest in that.
Shafiq: The farm-out market is not dead. I think last year there were c.20 deals done, including some relatively big ones in terms of commitments. We have had our [Serenity] data room open for a while and one characteristic is that it just takes a long time to get a deal done. The appetite reflects the volatility of the market in general.
We remain pretty optimistic that we are going to get a farm-in to Serenity and we may be able to announce something quite soon. If that happens, we will move forward with appraisal on Serenity. And if that appraisal is successful, we will move Serenity towards development and hopefully also explore the Minos High prospect.
**so does that mean the Serenity is dead as where is the comment of "We're waiting for funding confirmation"..... Let's hope Majid isn't making the same mistake by dangling carrots again, we know what happened last time.
Personally they've been harping on about it for too long and now it's a joke. Turning out to be a pi55 take the NS