RE:RE:RE:RE:RE:Asks are being slowly taken outDon't be nuts - there's ~ 10 mln 2P reserves involved and about 12% is liquids + it has facilities on it so everything is half cycle. Even at $ 2 per barrel that would be $ 20 mln with the facilities thrown in for free.
They'd be nuts to sell it for $ 5 mln = capital destruction.
I know for a fact they would sell at the right price but are not motivated to sell at these prices.
As long as it's positive cashflow they should hang on to it and wait for better gas times and a decent offer.
R.