RE:RE:Tenaz Energy To Acquire Producer In Egypt, Morocco In All-Sh The price appears to be good, though I don't know much about the assets. Egypt just improved their royalty system to encourage investment.
i like that it is all shares. The float is too small anyway, lots more cash in the bank and the company they just bought has even more cash. Lots of ammunition for more deals now. Frankly, I wish they would (or already had) spud 6-8 wells on their Woodbend project. At these prices it would be stupidly profitable.
The AIM listing screws up the disclosures a little. Wonder if they will keep it.