Post by
taal on May 08, 2021 7:47am
Re Wcp
Sorry but don't agree with your scenario as far as any major not paying a premium as Oil Run had suggested.. Companies JV on most large drilling ventures to lower thier risk and do quite a bit of wildcat drilling in new Frontiers. Are you trying to say that if a major was to neg . A jv say with Fronterra on a wild cat well in a new frontier ...lets just say for argument sake they would want 60% or more of the play for financing the well.. That they could negotiate the Same terms in Guyana with massive oil discoveries just a stones throw to the West and to the East of them.... Is Fronterra that foolish? And if the do hit oil on thier own are you suggesting that most majors would Not be interested in partnering with Cgx at a Premium.. Thats right a Premium to what they could have negotiated prior to drill results...Yes of course there is a risk there for Fronterra to go it alone ....In case of a miss... But I a very confident they are willing to take that risk ...if thier deal is not in thier best interest.
Comment by
ljmorin on May 08, 2021 4:43pm
Let's just hit some good commercial light oil and we'll worry about all those other terrrible things they'll have to deal with later. After almost 23 years this will be coming to a close for me in the next 6 months one way or another. GLTA,