RE:RE:RE:RE:RE:RE:RE:RE:The set up...Wink Wink...Suppe11 wrote: I'm sure, you can tell me the free cashflowing peers at $60...Aoi...yes, because they produce nothing, but Prime would go bankrupt with 60 for longer.
Like VLE, AOI entitled production is via subsidiary. VLE and AOI produce nothing. Both are approx 22K bbl day and est $100M yr opcosts. VLE has declining end of life fields while AOI has Prime Nigeria good for 20+ years + Namibia.
Prime while having nearly CAD $500M cash and $750M debt would be abke to sustain several years $60bbl oil, and in fact have done so.
AOI is only useful for the Namibia offshore shares upside that will probably value the co around $1,5B when current Namibia testing program is completed in next weeks and first production comes onstream in next months. New CEO is focused on creatinf SH value while VLE SG is focused on buolding personal legacy empire while ripping off SH living large in Singapore along with whole executive team. I dont see AOI executive team living large in London or Zurich per usual Africa corp HQ practices on SH dime (VLE approc $20M yr expat packages housing, healthcare, limos, security, jets, private schools, local salary boost etc)