RE: RE: RE: Wow! up 38% Must be news comingCookster9, do you mean taking out just the PXT partnered wells or all the assets of PTT?
Did you look at what other properties the Primera folks are into; pretty tired fields although there could be infill drilling with new technologies.
I don't think the share structure of the parent and daughter companies are designed to facilitate a take out as the PTT ownership is small (16.2%) in the scope of the overall scope owned by the parent company (33.8%). The January PTT presentation shows a minority ownership position with the private portion owned by the parent. IMO, the private parent company would need to be taken out also to make the well ownership meaningful to PXT.
I think it very doubtful that PTT is on the market for a take out by Parex.
Regards,