Possible buyout of CTE by TullowIt would only make sense for Tullow to take out CTE once they assess CTE's property imho. Forget joint venture, how much would it cost them to take us out even at $1 a share? Less than $150 million to get their hands on our property instead of just 50% of it.
Tullow is a multi billion dollar giant so you have to ask yourself why in god's name would they want to even talk to CTE unless they want something from us. We're talking about their CEO flying around in a private jet vs. CTE's ceo riding public transit here...lol No way they would contact us unless they want in in a big way.
Think about it their property is neighbouring ours so how would it not make sense for them to grab the whole thing? Look at their NR relased 3 days ago :
https://www.tullowoil.com/index.asp?pageid=137&newsid=673
their Uganda property has 1 billion barrels and we are next door...I smell takeout more than a joint venture. CTE will be bought out before they go into production. Seen it happen so many times before. A jr. happens to find a property that is contiguous to a major's and hence the major takes them out..all imho of course but time will tell...buying at these levels is a no brainer.