What happens to Apache if Total elects to not proceed with investment when the FID determination date arrives in 5 months?
13 replies (most recent on top)
How about these fools quoting Arnold from Terminator 2 as their go-forward modus operandi.
"My CPU is a neural-net processor; a learning computer."
T2? Or JC?
Who said it?
Never fear … the one development will pay Total and then the rest of the Block will expire for others to pick up. APA will loose again.
Apache is just projecting on to Callon
It’s hard to believe how critical mgmt has been towards Callon’s operations. No one is worse than APA. Why would anyone believe their plans
Sounds like Uruguay is the better target. Too many eggs in Suriname basket
Just because the rock is good doesn’t mean these fools can execute. See 95% of Apache Permian wells since 2000. Everywhere, all around others are making it work while management is headed to Marfa Basin cause they had hunches in bunches
https://totalenergies.avature.net/en_US/careers/JobDetail/Junior-Geology-Geophysics-Reservoir-Engineer/50404#
Looks positive
If TE says yes to the Dress and Apa sinks its last shiny nickel and the results are let’s say Pepe Le Pew (likely) Apa will go OTC pink sheets
Apache only had $2.5 billion is shareholder equity left and not even close to enough cash on hand to move forward. There’s nothing left if TE says Le No to the project. Also, Biden 2025 budget will increase corporate tax rate and place excise tax on share buy backs. The game is over rover. No more moves left
And if yes, even with TE paying for most of it, Apa will need to deplete some cash…
Imagine a huge smoking crater …
TOTaL disaster
Le Ouch