RE:RE:Consolidation OpportunituesDilution to fund Thrace was not my intent as to the putative equity raise.
What that $100 million could mean is to buy some of the small bits and pieces Currently owned by various minor partners in the Gulf of Thailand who may wish to monetize.
$10 million cash could, say, get 1500- 2000 bpd of production.
Spin that out into NewCo and give NewCo the Thrace assets to seek development opportunities with Valeura holding 25% and its shareholders 75%.
That would be a superb dividend to shareholders without sustained costs to Valuera..