Surprised there was no mention here on the Namcor GBP deal the other day. Namcor now have a 17% free carry to first oil.......in a frontier region, with a micro cap company Global Petroleum.
First oil is a tall order in a frontier region.....period. But to partner with a micro cap is even worse. They could have opted for a cash settlement, rather than equity.
The only sensible conclusion is there is still more of this picture to unfold. First oil can only be made more possible it additional partners are about to sign up as well
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4Q%2B0zhT2v%2FB777FiGug%3D
Namcor are working from home currently and due back on Monday and Azinam are due back on the 17th. There is still much in play in Namibia ;;--)
Ann: Pancontinental's Response to COVID-19, page-9
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