Well, there is mention in some articles that Galp are hoping to secure a partner by end of 2025.
That says they are still looking.
They had 1 genuine bid from Petrobas, that wasn't accepted for reasons unknown to us.
Another offer that was withdrawn and a tyre kicker that walked away.
Now, we have no reasons and we have no pricing details to give us some sort of idea, I'm still of the view that it is less than what Galp were hoping for, hence the onset of more drilling to prove up the resource.
Present day, that resource isn't exactly shooting the lights out.
As alluded here in the forum, we may actually have a better plot of acreage than Galp do.
Now figures may be commercial in confidence, however articles were full of the players looking over Galp.
Crickets for us as far as news on that. Doesn't make sense and Iian's reasons don't add up when put against the information that was freely available re Galp.
PCL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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