RE: RE: RE: RE: RE: RE: Bhogal-1: 3200 meters on DDon't know. You'd have to calculate cash, capital commitments, potential net pay in case of discovery, and compare the two companies. A premium is typically paid on Lundin companies because of management, access to capital, access to quality opportunities, and the fact they take responsibility for their shareholders (like when BBP failed it became SNM). In contrast, LEO's management track-record isn't stellar. Decisions like suingInternet posters makes you question their focus. And if the drillingsfail, they're going to end up in a much tougher situation than AOI.
According to AOI's latest presentation, their strategy is to get a 30-40% working interest with 0% paying interest in all of their concessions. This is an attractive strategy as it would alleviate their capital commitments and take us for a free ride. LEO don't have that luxury. When comparing the two, you're going to have to take all of that into account. In short, it's my opinion that the risk is greater in LEO, but you definitely should look at what the rewards are in case of success and consider it. Might be the numbers turn out it's worth taking the risk because the rewards are massive.