Great find Jibby
Thank you and the like for valuable contributions and positive sentiment over the years.
Hittman still with Us?
How lucky are we that Galp, Rhino, Total, all multi billion discoveries and deals are all happening right on our doorstep.
The Brits and Petrobas in particular would surely be in talks with Pancon by now, given their plans to enter Africa.
With the deafening silence, i would speculate that a farmin cant be far and June could well be our month for a left field announcement and finaly be our day in the sun.
Ok, admittedly June is only what a fortune teller once said
Now begs the question. How much is Total paying for
40% stake in 85.
-----snippet from AI re former deal----
The 40% stake in Galp Energia's Mopane oil discovery offshore Namibia is valued based on the estimated 10 billion barrels of oil equivalent (bboe) in the area. According to recent estimates, the entire discovery could be worth around $20 billion. Therefore, the 40% stake would be valued at approximately $8 billion
Here's a breakdown ¹:
- *Total Estimated Value*: $20 billion for the entire 10 bboe discovery
- *40% Stake Value*: Approximately $8 billion
- *Galp's Stake*: 80% operator stake in PEL 83, with 40% up for sale
- *Other Stakeholders*: National Petroleum Company of Namibia (NAMCOR) and Custos Energy each hold 10% stakes
Keep in mind that these estimates may fluctuate based on various factors, including market conditions and further exploration results.
(20min delay)