Rolla, the source was quoted as a Petrosen exec... no less... Malcy offered the following... on 21st Nov ... at no time did he question the $600m or ever suggest a higher figure.... in fact he endorsed it by saying the deal had a 'ring of truth about it'.....
BP/Cairn
Reuters reported last night that BP ‘is in talks with Cairn Energy about buying a 30% stake in its deep water SNE field offshore Senegal’. According to reports this stake would be valued at around $600m and is awaiting validation by the state of Senegal. This morning Cairn has totally debunked the story calling it ‘nonsense’ although I must admit it had a ring of truth about it. My view remains that should Cairn want to part company with all or part of their stake it carries significantly higher value to shareholders if done when the operatorship is still up for grabs, ie before next spring when it transfers.
Link to Reuters article:
https://www.reuters.com/article/us-...n-energy-senegal-assets-sources-idUSKBN1DK2E7
I think it is Malcy who should be "taken with a teaspoon of salt"....imo
DYOR
Malcy on Blog, page-12
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