If Hawkeye is a wet hole (discovery), OEL will have unbelievable leverage in farming out whatever remaining % of 63% they don't want to keep, and they'll get really good dollars for it. It would be a prudent move.
Post a discovery at H, I'd like to see them retain around 20-25%, which would give a larger player 38-43% WI (RD Shell comes to mind considering Malampaya longevity), and they should also be able to include a free carry on Cinco in any deal struck, imo. At the very least, a less than 1:1 cost.
Also of interest would be what PNOC-EC and Red Emperor want to do with their respective WI's post a discovery.
Speculative.
OEL Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
