Van, the article suggest the three Drillas next year will be Chariot, Tullow and Murphy. Mulunga also seems to say that Namibia does not want to renew licenses anymore but companies to fullfill their work programs.
Namibia expects U.S firm Murphy Oil Corp, Irish based Tullow Oil and London based Chariot Oil & Gas to announce to drill at their respective blocks between 2015 and 2016, Mulunga said.
Increasing interest for acreage offshore Namibia and a government push for an oil discovery “leaves us fewer options than to emphasis on the importance of drilling, as opposed to just holding on to the licenses” Mulunga said.
“The licences are tied to time frames agreed with the Ministry. If they do not perform the blocks will become available to others with the financial capability,” Mulunga said.
Turns out to have been not a bad deal for Chariot to give Namcor a slice of the Central Blocks in Exchange for renewing the license...
Can't believe this driffted so low, I understand the placing is the reason but GBP 12.5 is a joke. So I plan to double up my holding here..
Farmouts and Drilling will move this up strongly!
GL!
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