Eco (Atlantic) Oil & Gas Ltd V.EOG

Best guess on Tullow

[Lonegaurdian19]

My best guess on Tullow is that they farm-down to a 15% carried or working interest. They are facing a real chance of bankruptcy. The fact the chose to drill Suriname over Guyana is troubling but then its Tullow so they're not exactly great at what they do. I'd expect CNOOC, Total, or Exxon to take a stab at a deal. I could see a post-vaccine signing of such a deal so they can save face, followed by a new drilling program for 2021 (2 wells, upper Cretaceous: 750 million barrels each) which ECO is funded for. 

JMHO

[OilGold1]

Last year I'd have bet even money it'd been Total, now I'm getting the impression they aren't interested.

[pennyoilking]

There is an article on the OYL board discussing upcoming drilling.  Supposedly, CGX will finally drill next year and they mention Tullow drilling in the EOG block in 2022!   We certainly hope that they drill deeper this time and that we don't need to wait that long!