RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q-1 2022 I disagree that prime is an acquisition target. The majors including Petrobras are shifting out of Africa, thus how we ended up with Prime. The issue now is who is left to potentially buyout Kenya or Impact? Very few, India Oil looked interested but is either playing the waiting game or low balling us. Russians are out, so China and India look like potential suitors. At what price who knows.
Total and Shell are two companies bucking the trend where ESG is a major thing. They however have pretty good terms in terms of their size and concessions leased. Total has however established a very good relationship with Qatar so maybe they continue their acquisition partnerships.
The two major monitizable assets being Impact and Kenya are subject to a very small pool of players who have the capital and wear with all to invest in oil that will take years to get out of the ground.
Keith has a history of talking about how he'd like to sell these but has never delivered. Honestly, his compensation should be tied solely to Kenya. If he sells it, congrats we all win, if not, this is the only asset he truly controls so otherwise he's just a portfolio manager collecting dividends.