Thinking about any possible reasons for the delay in the announcement of 3D seismic results this afternoon over a couple of the usuals. If you were Origin Energy in posession of the first 3D seismic work ever done in Kenya which is fast becoming an area of significant exploration activity. & One of your potential Farminees for the area had five blocks surrounding your survey would you not be negotiating lets say 25-50% interest in those blocks as part of the agreement. These negotiations take time & Anardarko also has some other issues on its plate at the moment like a 25% share in the Macondo well. Origin has already signalled intention to become an international player this year by farming in to Laos blocks with Salamander.
Not sure what effect this would have on PCL except to delay the announcement of results & make us hang on a little longer.
As usual thoughts inspired by the Bear my opinion only DYOR.
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