RE:This almost feels like Oilexco ...XOP has acquired another play that is similar in prospect and nature to Liberia Block 13. And there is no current agreement with any major to explore it. I don't recall it being Nigeria, and I think you are mixing up two things. At the last AGM, it was explained that the hope was that if and when Block 13 is proven to contain commercial reserves, another deal might be made with a major player to look at the other exploratory property. That is not Nigeria. But it has all the same indicia that Block 13 does.
Nigeria is supposed to be a play that the prior owner spent a ton of money on and it is supposed to be a proven and producing asset in the past. I don't understand why it was let go by the other owner, but I think (again from the AGM) the information was that the old owner spent a ton on 3D seismic, so the need now is just to go in and tap into that proven producing property. And also at the AGM, it was made clear there would be no more dilution needed to do that, as that was going to be debt financed through Shorecan. So I understood the Nigerian play to be something with mitigated risk and nothing but upside for XOP.
Nice to see our SP moving. It should be crazier once Exxon itself announces a drill ship, and drill date.