RE:RE:CGX Must meet commitments for all blocksI think all depends on Wei well results, if it hits big...I think that de Alba has already been working with major players. The most logical fit would be for CC to sell FEC to CNOOC. A socialist government in Colombia is likely of little concern to the CCP and actually might be a plus. Surely, they could convince whoever is in charge to keep the Colombian Oil flowing based on current cash flow coming from Columbian oil and gas. It is their biggest source of revenue.
I think the CCP surely has its eye on Puerta Bahia bsed on size and location and could pick up a much smaller, port in Guyana. China has a long history with Guyana and has financed some recent infrastructure projects.
I just do not see Catalyst Capital hanging on to an O & G company long term when their propsectus for the LP that funded the takeover of PRE projected a 6 year hold time. For them to go into the committments of the other two blocks just adds far more time and more risk. My guess is they sell and the potential buyers and de Alba are already talking about the upcoming committemts if there were a change in ownership where a company like CNOOC buys FEC and its ~80% ownership of CGX.
Pure guesses other than I know that FEC was not to be a long term hold for CC.