SEPT 16 - TULLOW PRESENTATIONTullow has released an updated presentation given success at Joe:
https://www.tullowoil.com/Media/docs/default-source/3_investors/tullow-oil-plc_overview-presentation_September2019.pdf?sfvrsn=6 If you notice closely on slide 26 there is a dashed red box over Joe and another over Jethro. I would suspect these red dashed boxes indicate potential development hubs from which reservoirs located in these red boxes can be developed by Tullow in a cost effective, timely and efficient manner.
Notice closely - the two red boxes over Joe and Jethro cross over into the Demerara and Stabroek block respectively.
I would speculate that as part of Tullow’s upcoming program in 2020 - they would want to obtain the necessary approvals to proceed exploring within these red boxes (unitization). The more resources Tullow finds within these red boxes - the more likely of a stand-alone development.
Hammerhead is clearly another area stakeholders could expect some from of unitized arrangement.
As a CGX shareholder, I believe this opens the door for all sorts of exciting options to consider.
As a CGX shareholder, I continue to be pleased with our position in the basin. As plays and prospects continue to be de-risked - our ability to capture enhanced value only increase therewith.
Exciting times - next up is Apache and Repsol! We will see what Exxon has in store with Pluma and Haimara in time.
Most exciting basin basin right now in the world - we have a front row seat!