RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCMalachite wrote: My current impression is this:
Prime as is secure and going to keep putting money in the bank. Preowei is low risk but will take time - 65Kbpd gross bpd at 50%.
They got good deals being carried and retaining decent interest in the Orange basin. If I understand correctly, their proportion of costs would be converted to a loan if production startup is successful, but that's fine because it would mean the feild is worth investment and cash flow will start coming in.Potential to drill in 2025.
Equitorial Guinea was pretty much just yeah we're looking into it.
Let's just say that I'm glad Total is running the show. Eventually they will pay dividends once they accumulate more shares for themselves and these feilds start producing.
Buddy, regarding Preowei...i guess it belongs to the Egina concession, so 16% Prime, 8% Aoi = 5200 bpd in 2 years after a roughly $1b development (160m to Prime/80m Aoi) and having the decline in mind..so rather boring and just paying for arresting the decline and push out the commercial life a bit. The only interesting thing there Imho: Maybe they discover more with their 16 development drills.