RE:RE:RE:RE:RE:RE:RE:So at what point does.....If I were ROE I would wait to exercise my option as late as possible, let RECO de-risk as much as possible before making an investment.
I agree with you on XOM (I worked in an NOC/XOM JV in Qatar a couple years ago and the XOM secondees were saying exxon was looking to plow their big money into Guyana & Qatar in the near term), and OXY is a complete mess of debt since overpaying for Anadarko. Shell is on their high horse about renewables and getting out of oil (but I could see Shell buying in), BP could also be a suitor (same renewable high horse though). I could definately see Total being a very logical fit as they have experince in Africa, and aren't afraid of jumping into new fields in Africa - they're looking to invest $5 billion in Uganda (onshore oil (https://www.jwnenergy.com/article/2021/4/9/total-is-poised-to-make-5-billion-bet-on-uganda-oi/). Although I could see XOM as if the find was really lucrative. EOG is pretty isolated to US shale, although they do have some shale elsewhere, I don't know if they would look at a conventional play, but maybe. There is also Sasol just next door, and the chinese always seem willing to invest (CNOOC, Sinopec, CNPC) in a variety of O&G assets. Qatar Petroleum has also been going out lately to diversify their portfolio worldwide. Petronas is also known to have upstream Africa assets, so I could see them as well.
Thoughts from anyone else, Africa is definately a continent I am much less familiar with in terms of O&G?