Saxa, jswood
This would fit with a statement in HDR's last quarterly about the JV approving a Chinguetti preliminary development studies budget so that development planning could kick off quickly provided appraisal results were satisfactory. Further stated that the team would be led by ENI people (hence Milan?) responsible for development of a similar field offshore Nigeria. Hopefully there is already sufficient confidence from the Ching-4-2 results to get this moving.
The wildcard is Banda. As stated by Fusion MD Alan Stein, "if Banda comes in it will totally change the way we think about development". Since it is a potentially larger prospect in shallower water, but (just?) within tie-in range of Chinguetti, it could form a hub with Chinguetti as a satellite. But let's not count those chickens just yet ....
HDR
hardman resources limited
