What do holders want to see when the various farm-in negotiations conclude? What kind of arrangement suits BRU best and with what type of entities?
I could easily be wide of the mark, but the only thing that makes sense to me is ROC will offload the PLs with the Adoxa back in rights to a more appropriate JV partner for whatever financial compensation they can get. I see no point in their continued presence since their internal affairs shifted last year from their point of view or BRU’s. Nor can I see new partners exploring with us when the production facility is still 50% ROC. The lack of any update for 7 weeks since U7 ESP operations were allegedly underway seems to me like the biggest clue commercial factors are at play while matters are coming to a head.
Maybe the new oil EL & PL partner is big enough they are also into the Gas JV? That might be ideal, but not essential.
Maybe ROC will stay on, who knows, but I think we are very close to finding out. What does anyone else see as the ideal outcome for both Oil and Gas deals?
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