They're certainly my 'smoky'. Conoco as we know is looking to save a few bob so seemingly arent particularly interested in new projects. However, with Lukoil at the reigns it could mean they get access to the upside and very little downside given they are just a shareholder and lukoil costs wont be extreme.
From the latest update: "Additional analysis and discussion was required with respect to the potential implementation of an integrated LNG project in the event of exploration success. The necessary arrangements to deal with this potential outcome were agreed and will facilitate alignment and effective operation of the new joint venture."
Do you reckon this could mean Conoco might be involved upon any exploration success which is one there is just one preferred farminee but very complex arrangements???
Hmmm... if it's not Petro, Marathon or Lukoil im going to feel disappointed now no matter how big the farminee is...
MEO Price at posting:
46.5¢ Sentiment: LT Buy Disclosure: Held
