RE:RE:RE:Big Deal Coming Very possible.
with the limited info available it appears that Shell and Exxon have a joint venture that they have separated into 4 properties. One being an enormous onshore field called Groningen - a massive historical gas field. There is a lot of local drama around Groningen - environmental opposition, subsidence, earthquakes and political intervention. It is probably a cashflow cow still but likely not on the radar of Tenaz.
The other three are offshore.
I believe the offshore fields are the target and that there might be an agreement in principle on the price - subject to final due diligence, regulatory review and financing.
Up to 50,000 boe/day largely gas - again with data and translation that is my best guess only. With financial adjustments, ARO deposits, taxation, pipelines, gas plants and offshores fields in production and waiting in the wings. The actual cash that would change hands is too difficult to call.
Remember with the last purchase Exxon actually paid Tenaz 60 million to take it - 46 million of which is on their balance sheet as working capital.
Go Tony!