Post by
argaiv on Apr 18, 2021 12:21am
How Much Do Those Offshore Wells
Cost to drill. I see they have partners, but ECO still seems to have a majority interest in some of tbe Namibia licenses. I see one block may not even be drilled.
Comment by
Lonegaurdian19 on Apr 18, 2021 1:14am
The cost to drill is a lot. ECO was an early mover so they will farm down. They may even get a carried interest which means they pay nothing and reap the award. Take a look at the history of this company, theyre absurdly smart geologists who saw how a minority interest could make around a billion. I think Gill would sell the companies around $5