RE: Potential They could end up buying out minority shareholders of EEL for stock reducing illiquidity. Lots of catalysts for OER:
1. Finalization of Qua Iboe transfer.
2. Start of Akepo field q2 2013.
3. New Ebendo well brought to production.
4. Resolution of OML 122 with Peak.
5. New marginal field round late 2012/2013.
6. Signing of the new PIB which would force marginal field owners to use it or lose it. Marginal field owners would need to find technical/financial partners like OER to develop the fields or give them back to the govt.
7. Purchase of COP's Nigerian producing fields.