RE: RE: Offer Completed - Offer Exceeded I was quite surprised that 40M shares were tendered. I am looking forward to see whether Athos shares were tendered or not. In any event, there will be soon 78M shares.
Nofool, you may be correct that the SP will drop in the next few weeks, hopefully you will be wrong on that one, only time will tell. Now that Ed has achieved what he wanted (buying back 15M shares to prevent a take over), I think that they will start to issue more information on the next steps to increase production. I base the above on the fact that Ed will likley be facing the insider trading charges by the ASC (hopefully this summer or fall). Unless he thinks that he will not be found guilty, he will want to increase share valuation prior to have to relinquish his shares if he is found guilty. This may start with an real operation update, probably early april or perhaps with the earnings next week. I think that Medco will push to increase production (their dec 2012 presentation speaks about a production of 14,500 bopd by 2014) this year, starting with the construction of the separators at RN4 & RN5. They could also give a time table on QQ, etc., etc. perhaps later about Ethiopia, by the MOU with the Ethiopian gov, seismic should have been completed by 2012. Looking forward for the earnings on Monday. I would like to read what easyoil thinks about the recent development, I valued his posts and have not raed any from him for a long time.