Post by
Lonegaurdian19 on Jun 27, 2023 12:47am
Theoretical AOI EOG merger
Merging Eco and AOI could be interesting.
it would:
- consolidate the South African blocks
- Allow AOI access to Guyana + Namibia
- Allow for additional talent
- The combined entity would have cash flow and additional acreage/leverage
Could it be pulled off?
- At the right price and perhaps the right contingencies. Eco is cashed up and just waiting on others. This means they likely would demand a premium. If not a premium a CVR, this route would be interesting given AOIs current ownership of Eco.
As a shareholder in both I would prefer they merge and include a long dated CVR or Warrants. This would mitigate risk for both sides while maximizing both sides complimentary aspects.
my two cents
Comment by
liquorwolf on Jun 27, 2023 6:44am
this would be a joke, AOI is cashed up with Venus etc, EOG has minimal $$$ plus a hope and prayer.
Comment by
Lonegaurdian19 on Jun 29, 2023 11:07am
I respectfully disagree, the fact they hold a bigger chunk of the SA liscence should be important to AOI investors. Outside of that we've seen what a moronic partner can cause (Kenya) best to keep friends close and idiots guessing