RE:RE:RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCSuppe11 wrote: So Eco + Afe are non-core assets now = no takeover + skip at first opportunity.
Total didn't want to take over Aoi, because the structure is too complicated...but they will in the future, to get rid of all these insects in Afe, Impact + Aoi...and make the structure more simple= fire all boards and let the cf directly to the bottom line. Nobrainer for Total, but maybe the time is not ripe now.
When FID on production program occures they will allocate a few BN for AOI buyout offer around that time that will also clear all AOI debt on the cost carry.
AOI would be foolish to accept but may have no choice because they wobt be able to keep up with thwor share multi hundred million cash calls to fund their share of Totals devlopment pace after "first oil".
I estimate $20-40 BN in dev costs in first five years after first oil.
Thats why AOI is saving now because they will need 1-2 B cash by 2027 so they are not forced to accept low ball offer.