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22:02
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Originally posted by kkw
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I can't recall a posting on this. Anyhow, this is a little bit more on what Mal's thinking.Cairn/Far Whatever the operator says at present I am convinced that they will declare commerciality sooner rather than later , after all, as mentioned yesterday it looks like COP are soft selling all their exploration activities at the moment. Declaring commerciality would of course change its categorisation and I understand further complicate matters by transferring the operatorship to COP but they are still selling as we speak. I notice that a publication yesterday suggested that Total may be the bidder for this which would make sense not least due to colonial history and if were true I suspect that they would not be interested in only the 35% on offer from COP …Selling a dream asset like this smacks as defining not only the bottom of the market but the insensitivity of an oil major many miles away, time to take advantage of the folk from Bartlesville, Oklahoma…"bold really caught my eye.
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KKW Malcy has been more than pretty accurate as of late with what's happening in Senegal. I personally think somethings afoot. Why would you stop drilling early........ before connectivity has been proven?? I really don't get that especially when FAR have said they were going to update the market on commerciality in quarter 3. If COP are selling I hope they take us along for the ride we would be guaranteed of getting top dollar then I reckon. DB
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