RE: Exxon bid for GKP for £7bn (M-cap 1,5bn)Thank-you for posting this finding on the board. It is nice to be right. I have taken so much abuse from so many paid bashers about LFD being bought out. The kurds government wants their oil properties to be drilled by a MAJOR with big money. At first the kurds gave out contracts to the little firms like LFD. LFD most likely never had any intention to drill this property. We can see evidence of this from Genel and how they sold out. LFD is their partner and thinks the same. We know that the parties bidding on these secondary firms are Exxon, Chevron, Sinopec, Genel (through Vallares) and others. This is good news. Now what price would the shareholders of LFD accept on a BUYOUT. I state at the very minimum $ 1 per share or $ 200 million value. What is $ 200 million to a MAJOR where LFD property has been de-risked and has estimates of close to 400 million barrels of oil in play.
JMHO