Another lost week Still no news. I don't know at this point. Assuming the data room has been open since December, this has been more than enough time for a company to do an evaluation and make a bid.
We are not talking about an offshore block with numerous wells, producing fields, infrastructure, etc.. it literally has a couple wells, some seismic and that's it. Competent geophysists, geologists and petrophysists could easily do an evaluation of this block in ~ 2 months. Another month for reservoir engineering and economics and that should be enough.
At any rate, super clear that companies are not falling over themselves to make a bid. Any leverage fec/Cgx might have had is quickly evaporating. I am sure HL is trying they best but fec/Cgx put them in a incredibly tough spot.
None of this also includes the port... which also based on recent third party boat photos (thanks again) looks like nothing has changed as well.
Hopefully the government forces a sale here asap. Only way in hell I see any return on capital at this point. Truly insane and pathetic on numerous levels.