Not too difficult to join the dots :-
- Chatchai takes over Nido, whose best asset is the Galoc field THEN
- Risco Energy to acquire 100% of Galoc Production Company (GPC) from Otto Energy (OEL AU) which in turn owns a 33% working interest in and is operator of the SC14c Service Contract containing the producing Galoc Oil Field and an operating team.
- Risco’s strategy is to build a balanced portfolio of oil and gas producing, development and appraisal assets with modest brownfield exploration exposure in ASEAN
So does lightning strike twice - is this the future end-game plan for TAP and the Manora field ?
Trading over the next couple of days could be very interesting ...........
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