Rolla
Cairn-Lukoil are JV partners in Offshore Mexico Block-10 where they made the Saasken oil discovery last year with ENI (apprx 200-300 mmbbls).
Post-Sangomar, Cairn has found another project to follow up/appraise.
USD300mil is a bargain price compared to the USD 442mil Woodside paid for COP BV's 35% in Oct2016, albiet challenging times now esp. with the oil price drop to the 30-40's/bbl. The 100mil contingent can change to 50mil if oil production is delayed into 2024 or should POO drop to USD55-60/bbl.
USD 300m reqd now. 30 days to Pre-empt from the 24th of July. Lukoil had already met the Govt.
WPL's has cash reserves of USD 4.5bil & undrawn facility of 3bil, so they'd b thinking if its worth chasing this or the 15% partner & then flog a portion later when price recovers or just focus on Chevy's 16.66% in the Shelf & any other local attractions outside Greater Enfield Oil.
Note that they could buy Anadarko's share in the producing fields at Jubilee or TEN, where Oxy was looking for a buyer.
- Forums
- ASX - By Stock
- FAR
- Cairn sells 40% share to Lukoil
Cairn sells 40% share to Lukoil, page-76
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 49.5¢ | $12.28K | 24.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 50699 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 11092 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 50699 | 0.495 |
1 | 30000 | 0.490 |
2 | 32000 | 0.485 |
3 | 83930 | 0.480 |
2 | 70000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 11134 | 3 |
0.505 | 12148 | 3 |
0.510 | 129688 | 3 |
0.515 | 2239 | 1 |
0.520 | 30000 | 1 |
Last trade - 15.46pm 16/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |