RE:RE:The offshore drilling ban is already in place....
vendy007 wrote: Not quite the way it works. No major will step in until the properties are proven. One well does not do that.. the agreement is years away and may not happen. the only thing that moves this thing is more excellent results in a timely fashion. this market beats up delays and lack of concise information I see potential for cheaper days ahead "imho"
007, it appears Royal Dutch Shell and its subsiderary Shell Italia have proven your theory wrong with their investment in Northern Petroleum.
"In early 2015 the Group announced a farm out deal with Shell Italia whereby in return for an 80 per cent interest in the licence and operatorship, Shell Italia will carry the Group for a seismic acquisition programme up to $4 million and any single exploration well up to $50 million."