RE: RE: RE: JV is a fantasy Zibo...how many do you think would accept $1, even at our current share price. If the offer comes from PRE, their shares do not count and they would have a hard time getting the required votes I think. Anyone else wanting to take us out at $1 would have to have a deal with PRE ahead and I cannot see them letting us go for cheap when they want to expand their own oil reserves.
The company has already announced their plans...the DATA room is open! Anyone wanting to look at our latest 3D seismic is going to have to sign an NDA and I would presume Tullow, Repsol and PRE are all looking at our results right now. There is blood in the water and the sharks are circling. A 2.5 billion barrel Turonian target is too important to be ignored! We will get a JV on ED, we just may not like the terms but beggers cannot be choosers.
G.