re: just a guess... Just a guess...
But I reckon LIO may be close to announcing a new JV partner for their 100% Seram (non-bula) block sole risk well.
With P50 reserves of 8.9 mmbo (Dewang) and 4.7mmbo (Solan), assuming they can negotiate something like a 30%+ "free carry" status through drilling, an announcement along these lines should be seen as very positive by the market.
When you look at it, between the current Oseil expansion, possible divestment of Bula and now sole risk well at Seram, LIO actually have plenty of things to announce over comming months...the kind of "sexy" stuff the market likes to see.
Could be an interesting period ahead!
Cheers!
interest again?, page-5
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