ompanies Looking for Albanian oil assets Beijing is eager to acquire access to Albania’s oil reserves and would like to expand its investments in the Balkans
I view this as very positive for Stream.
Stream has 1.15 billion barrels of oil in Albania, and over 600 billion cf of gas in the massive Delvina gas field.
All have exceptional exploration upside.
Stream's energy assets have hardly been exploited.
Stream needs investment capital to more rapidly exploit these large energy assets.
With a market cap of just $55 million and 2P reserves worth $180 million at a 10 % discount, it stands out as a very compelling takeover target.
At just $1.50 per share , the cost would only be $100 million which is still well below the discounted NPV of $180 million.
Other than Bankers and and Petromanas, the 100 or so Chinese companies will be looking us over very closely.
And its just weeks away...................