Post by
Proselenes on Feb 10, 2021 11:31pm
Takeover timing............
In H1 2022 we should see Kraken, Cascadura DeepDeep and Chinook Deep all drilled.
I hope they get to drill all three and those if they all come in could offer 2 or 3 TCF of upside (which is 4.4 to 6.6 billion dollars of gas with the NGC deal).
Will they ? And by that I mean will a hostile take over offer come in before they can drill them ?
I hope they can but any hostile takeover offer will be timed before "too much" can be proven by the drill bit. For me I see a takeover offer either post Royston/Steelhead, or post Kraken............certainly before the Deep Casca and Chinook wells in 2022 imo.
Comment by
jake1444 on Feb 11, 2021 1:13am
The obvious choice is Shell but who knows?
Comment by
Chreca1 on Feb 11, 2021 4:49am
Shell definitely high up on the Suitors list but who knows these days when these Euro SuperMajors are starting to self-hate themselves, I'm putting the China company already holding a block nearby as my top pick for now, BUT I don't think a sale is imminent as this Ortoire is still early on in it's prove up campign and a lot of value still to show for any potential suitor out there.
Comment by
Wildcattter on Feb 11, 2021 10:14am
This post has been removed in accordance with Community Policy