in the box seat?, page-4

I agree. Beach is a great company and the Cooper will deliver for the company for years to come. What most people forget is Tanzania.

I sent a note to the company and received ten following reply.

"The farm down process has indeed kicked off, however, we don’t imagine we will announce any deal until the new year.
 
We are currently having confidentiality agreements signed by interested parties, then they will go into the data room and analyse the 2D seismic prospects and leads generated.  We have 18 identified which we believe could hold 100-300 MMbbl of oil each.
 
Once a farm down takes place, it may take a further 18 months to two years before the first well is drilled.  No 3D seismic is planned because the targets need to be large enough to show up on 2D in order to justify drilling them, as is the case with what we have identified to date."

I really liked the bit about 18 leads of 100-300 MMbbl. Even 50percent of this would be worth a few bob for shareholders. Another tallow oil?

Patience required though.

Good luck to all.