RE: RE: RE: RE: RE: RE: grh525 My point is that management sold a 20% interest in the 3 blocks for $10M.
This means they placed a value of the three blocks at $50M.
EOG's share of that $50M is .7X50 = $35M or
.58 per share.
.47 FD
QUESTION: Why sell so cheap if the majors have so much interest in the area and prospects are so good? Why sell to Azimuth and not a major?
A rational answer would be that prospects are indeed very good but political interests had to be satisfied.
OR
The majors are not really all that interested since prospects are very risky indeed.
If the former, how much more political dilution may occur in the future?