RE:Rideing Coattails ?POE may offer shareholders the option of no dividend, but additional shares in the new exploreco, thus retaining funds, rather than merge with another party. If the distribution is as sizeable as we expect, management will have credibility, even if exploration and development take several years to produce tangible results. Valeura may be seeking shareholder approval for a new management team, or approval to sell the soon-to-be expiring drilling rights, or even distribuiting funds to shareholders and shutting down... although a merger is more likely. POE management has little experince in projects such as Thrace Deeps, or even gas wells, so a merger with VLE would probably mean they would exit a merged company to form another Thai-focussed exploration company... seems inefficient. In summary, I predict no involvement in VLE for POE shareholders.