RE:RE:PEL 83
Cap....you have failed to recognize that Galp may not find a buyer and thus will "go-it-alone", in which case, come 1stQ 2025, Custos/Sintana will be on the receivng end of multiple AFE's for well expenditures (from Galp and Chevron) for which they will be required to pay the est well costs upfront.
The renegade is PBR....they seem to be fairly desparate and just may pony up the $$'s Galp is holding out for.....Let's hope this is the case as it solves a lot of near term problems
But, because the clock is running, Custos needs to be out peddling PEL 83 to some junior explorers...and not waiting for Galp to find a buyer so as to establish a value...crunch time is fastly approaching...JMO and....I know nothing...