Interesting post from the ECO BB on the www.LSE.co.uk
Total taking over as operator for Guyana (as said by another poster) leaving Eco out and Tullow as partner.
I find the Nambia play more interesting especially with reference to TUL exiting as partner earlier this year ( At the start of Africa oil week)!; I understand their (Tullow) commitmentto reducing debt however I am not convinced as the reason; IMHO could it be Total are (under negotiation) the new owners of the Namibian assets with farm in to come; Just a theory!!
It all looks good for ECO I guess and as said before on a previous post we have Four block in Namibia and One in Guyana. When IMO the commercial viability is prover in Namibia it could be very significant; I come from an O&G operations background so am finding the speculation on take-over and all that financial stuff very interesting and informative. GLA