General Thoughts, page-4428

If Woodside is exploring potential to 'increase' their 'position'(no longer Option to...) in OJ Basin, possibilites I see are to secure another lease, potentially Galp. To support theory, WDS inquired re attending data room.

Galp have a Rig onboard so the same Rig could potentially be snuck into Pel87 giving us a DRILL THIS YEAR

The only problem is Chevron, Galps and our other neighbor also wants Galp and has market cap 5 x WDS.
Imagine the subsea intel the leases could gain. Add Galps bold skillset of estimating 10billion before even drilling.
Throw in 14 billion barrels of oil.
Thats damn good value if u ask me.
Hence i would think a bidding war will be in play and other Deep pockets will also be present inflating the price
In my humble oppinion OFC.

Or perhaps they want our 19% or 20%.
Fine by me provided an offer made was relative to estimated barrels and no offer accepted before making 3D estimates public.
Factoring that 3D estimates are an improvement to 2D of more than 10 billion barrels per Directors words during Annual.
Using figures from sale of 40% Galp estimated to be upward of 8 billion or 4 billion barrels @ $2
( > 4×12.5 cents = 50 cents), or whatever it may be at $5
There was also a bit about Namcor implying new board were tighter with new applications. The board transition would have no doubt delayed our seismic licence. Particularly when there is mention of corruption.

Wonder if corruption relates to Canadian Sintana and their intriguing carried interest in Pel79, 82, 83, 87 and 90
They acquired 49% of Pel 79 at pocket change of 2 million dollars. If this was recent, it doesnt sound quite right.

https://www.rigzone.com/news/sintana_closes_stake_acquisition_in_namibia_blocks-12-jun-2024-177065-article/

Sorry for tangent

As for our license, It should not be discounted that Namcor also have 10% skin in Pel87 and stake in any oil discovery so the sooner the better for them.
Maybe they'll take the whole 10% and kick Sintana flying