Below is a post from Ya dated 29.4.2016
From my reading COP wants to maximise the value of SNE and probably FAN before they entertain a sale.
If you ask me, does FAR not wish to do the same?
And yet the topic of COP selling reappears with regularity.
Skip to the 59 min mark till 1hr 1 min for the Q&A from the analyst, ie Scott from RBC, on Conoco's DW Asset sale & how Senegal fits in that package.
Reply from Conoco:
- Not gonna firesale any asset.
- With regards to Senegal we've had a lot of success in finding a new play in that area & now we r onto out 4th well. We've drilled 3 apprs'l wells, 2 DST's and now on our 4th Apprs well.
- We clearly proved up high quality reservoir with good continuity across a large area so there's being quite a bit of interest in that Asset. We will see what happens. We'r gonna continue with the appraisal program. Its gonna take some more apprs wells b4 that's done. We will continue doing whatever apprs'l work we need to do to establish value of that asset.
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Open | High | Low | Value | Volume |
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1 | 14269 | 0.475 |
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Price($) | Vol. | No. |
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