RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The set up...Wink Wink...Suppe11 wrote: Not unusual in the oil industry (or everywhere), to act with subsidaries, especially offshore. No, Prime is not a subsidary of Aoi, they just have a 50% interest = full double overhead. Cash is $217 m, debt 740m, cf negativel, no or very small divis in the next 1-2 years for Aoi. And of course noone will pay Impact 1.7b for 20% of a hole in the ground. The game is: Total will cashcall Impact to death.
Nomone knows VLEs corp structure or shaes ownerships in the various corps its li,ely VLE does not own Thailans but indirectly via odd shore...regarless AOI Namibia play is est 5B bbl which they can easily sell their stake once confirmed
Greenfield Namibia plus long play Nigeria VS end of life Thialand ....place the bets. One thing for sure AOI SP has sustained over 3 far lo ger the VLE thatcrashed 40% shortly after SG opened his stuttering mouth hahah.
I am gambling on both but do love the VLE swing trades thanks to primitive Canadian algos predictability.