GBP global petroleum limited

The seven Majors are to the fore, with a similar number of E&Ps...

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    The seven Majors are to the fore, with a similar number of E&Ps still in the high-impact wildcatting game.

    The improving price outlook is already pushing up the cost of new acreage. Competition for hot blocks in top licensing rounds is fierce – witness signature bonuses of more than US$1 billion in Brazil so far this year.

    https://www.woodmac.com/news/the-edge/exploration-gets-its-mojo-back/

    Witness signature bonuses... That's on top of what they are paying for the licence, makes our PEL29 (3.66Bln barrels)look rather discounted at the current sp
 
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