Spoke to a very good contact of mine, here are some points:
Broker upgrades to come shortly once they get access to more data and bellatrix
CNE's behaviour is bizzare, more than 200m and it wouldve been commercial according to CNE and they declare right on 200m....??
CNE construing info for their own purposes, potentially a tactical game to slowdown commerciality, so they retain operatorship, which as a seller allows them to control terms.
if CNE sells this is very good for FAR, as FAR have a clear look through value.
if bellatrix fails, not a great issue, CNE has put an overly optimistic 85% chance of success, why?
FAR not so bullish on bel, at 40%
bellatrix has a v high chance of gas which senegal needs domestically
COP are cutting back globally, so hoping they are ready to take on operatorship
SNE economic at $30 pb, flow rates were only constrained by their own equip.
Hope this is not old news. BHS
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