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Author Godspeed     View Profile     Add to favourites     Ignore
Date posted 2018-05-03 13:22
Subject Re: Farm out ongoing   View parent message
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Char looking to go with smaller companies for the farm out, as majors seem to be giving them a swerve

Main reason I can see is Char only want to give up 20-30% and only hold 65%

Majors need scale and at least 40%, as with Exxon and the Galp deal

GBP has 85% to play with so might be a better fit for a major

Looking good in any case, bit more attention as predicted
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