TotalEnergies Acquisition: TotalEnergies SE acquired a 40% operated interest in Namibia's PEL 83 license, which includes the significant Mopane oil discovery by Galp Energia.
Galp's Stake Exchange: In return, Galp received a 10% stake in TotalEnergies' PEL 56 block, which holds the Venus discovery, along with a 9.4% interest in another Namibian field.
Future Development Plans: The agreement outlines plans to drill three wells over the next two years, starting in 2026, to further delineate resources and advance development.
Financial Arrangement: TotalEnergies will finance half of Galp’s investment in the Mopane block, with repayment expected through future production proceeds, while Galp retains a 40% stake and continues its involvement in the project.
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 25.020
Low
Averages
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Current: 25.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
