We have something to offer, we are not in a position of strength, certainty to the levels your thinking.
Galp are more advanced having drill results to show potential suitors and they haven't scored a partner and are officially looking.
They had an offer and rejected it and continued to drill. They have money, we don't.
They had another offer that was withdrawn.
Have to look at the potential partners point of view, getting the best deal for them, not necessarily us.
Currently it is a 25% to 30% chance on 1.6Bb of oil.
No deal on Galp shows majors are prepared to walk or not even get involved.
All good and well posting all the happenings around us but it really is for nought if we can't get a signature.
Personal view, 51% and 2 drills would be good.
We have 2 good looking targets, maybe a partner is willing to drill 1 in each.
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