Worst case scenario: Two rival gangs are going to get down to killing each other after Gadaffi is gone, supposedly to Tunisia if the latest rumors are to be believed. What chance do posters think of there ever being much of a development of the block if the Libyan "government" ends up resembling Somalia. Do we want NATO troops doing the same thing in Libya as in Afghanistan or Iraq funded in a great amount by the U.S. taxpayer? How secure will Tunisia be with that situation on their border?
Wright-IMHO, Libya and Tunisia both need income to pay for their countries make overs but, I think they are intelligent enough to know that the only income they have is their substantial amount of oil and gas. I sure they will put that on the front burners in order to get income started. Any known oil or gas would I think get top priority in that scenario. Which I think will put SOQ up front on new deals. Live long and prosper.
Deep FYI their are many watching this little gem now . Expect to see some good results from Drumheller Also watch Conoco they are drilling Duvenay right now and they are very tight lipped . TET have a very good well but drill cost on the high side .
May be Tunisia Nationalizes the Oil assets like they did with the joint banking agreement they had in place with Libya. The well that was drilled is on the Tunisian side of the border . Tunisia needs the oil revenue to rebuild so it makes sense .That move would also cut fees along with new well exploration requirements in half. SOQ will bring in a JV, it is a win win for all parties .At 2.50 very limit risk with large upside potential.