RE:NEWS! - Indias lagest Oil company onboard!! Two super major Oil companies swapping shares of blocks to diversify the risks is natural. For Eco its a positive that we now have two majors sharing our block, Eco is still the operator and will continue the development. The fact that Indias largest oil company who is responsible for 30% of total supply to India now is with us is huge and Total is still in the boat - this shows confidence in ECO - Lundin/AIO, this feels better and better.
And remember Exxons block is only kilomters away and it contains approx 1,6 buillon recoverable according to Exxon, this is huge and gives us a clue why India is here now. Lundin payed 0,48 per share so the table is set for bargin hunting.. im picking up shares anyway..