Wishful Thinking It is (at this point) wishful thinking that NIS would tender a reasonable offer for the 15% EW JV ownership. There exists no incentive to lure NIS into making the kind of offer being posted here by some. One must consider what NIS already has on the table (50 million to date) when weighing a legitimate takeover offer. Timing isn't here yet for EW, unfortunately.
So NIS has paid out over the last 6+ years a very large investment after suffering snail pace permitting problems both locally & Nationally. Now it does appear that NIS has worked through those barriers with a slated 6 wells permitted. One must ask: Why would NIS step up to the table to offer EW a multi-dollar PPS when TOO much is left to question as pertains to commercially productive wells not yet even drilled? Yes they have a capped well with commercial potential (although the light-weight crude intersect is 50%+- water cut) with absolutely no handling systems in place to market the fuels. There is much yet to be done before NIS would be moved to tender an offer EW could accept.
Fingers crossed that these new wells are all gushers in multi-fuel intersects provoking fuel handling systems (which by the way EW will have to belly up their 15% of capital) - I quote:
"Once a commercial discovery is made, East West will be responsible for its share of field development and production costs."
As a matter of fact, I was directly told that NIS hasn't made any commitment of genuine interest in negociating an offer that EW would even consider. Sidoo said that NIS would listen, if he wanted to fly out to Romania, but he clearly sensed NIS isn't going to pull the trigger on TOO many undrilled "loose ends".