RE:RE:RE:Bidding war for part of GALP interest in PEL 83
lamboperthv10 wrote:
Hi Mr Mo,
Agreed. Galp looking at selling a 40% interest in Mopane only from what I have read.
As other posters have advised, the succesful sale of 40% of Mopane to one of the "interested" majors,will provide a value for the Custos 10% interest in the current Mopane mean estimate of 10 billion boe in place.
I would also expect added value for the 10% carry for Custos through the several billion dollars to be spent on development of Mopane to first oil production.
I expect GALP will do a 'rinse and repeat sale' process for any future major oil discoveries in PEL 83, of which of course as a SEI shareholder I trust there will be many more.
SEI with its 49% of Custos is very well placed!!
Galp's way or the highway...
Should make sure the program has no delays and stays on track. Financing wanted, not main operator.