" Best $5m we ever spent" anyone?
Sure is an ugly mess...... I guess Camac/Erin got their permits from the same 'sauce' as APCL?...imo
Oh Dear... all the cards in the Govts hands now.... probably explains the Bull Elephant Key Day Reversal today......
Could this delay drilling?? You betcha...imo.... the creditors incl Govt of Sth Africa will want the free carried 20% FAR have agreed to.... so will the Gambians.... and so will the other secured creditors.... Sheree Blair will be busy..imo
Does this explain why no other oiler would touch Erin despite the blocks being offered to everyone/anyone for 3 years?
Maybe this Black Swan has delayed the Quarterly.... this West African Sitcom should clean up at the Oscars... in 2021!
Next point of interest will be the 31/3 cash position after deducting the parent co guarantee... should look pretty skinny imo... those suggesting the PnD pre CR may well be correct.... let's see.
Otherwise all looks fabulous ...;-) That's my 2c worth for the EOM.
GL
DYOR
Erin Energy: More!, page-5
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