RE:RE:RE:RE:Graph for presentation papaloapan wrote:
Why would AOI want to divorce from ECO. Eco has a significan stake in highly prospective 3b/4b, where AOI has a very large stacke now, and a farmdown in place, and an interesting stake surrounding Chevron, and a wild card in Guyana. They should be buying shares in ECO rather than AOI.
Why buy more shares in ECO when zero commercial viability established. This is still ultra high risk exploration play that's also the most costly to develop in the world. Has to compete for other prospects costing 50% less capital and time to produce even if deemed viable.
They need to distribute cash to SH so they don't look like idiots and crooks in an era of easy secure 10-20% annual returns paid monthly.