RE:RE:Graph for presentation hikari wrote: AOI was one of the very early birds in Namibia Offshore. Especially with the Total discovery Venus they had more and better information about the derisked potential of the big oil prone turbidites there.
I "congratulate" AOI that they managed to do nothing, that they did not play out their advantage there, that they missed the chance of many decades not to grow more by trying to invest relative small money in Namibia. I think the early bird days are gone in Namibian Orange Basin. Then we hear that AOI wants to divorce from Eco. Did I hear right? The upstream companies are just discovering now the potential of the Walfis Basin and the AOI management plans to exit before the party begins there?????
The eco thing is just fishing teaser. If get some bites will get investment banker on board to take it further and shop it around Would be great to offload it purely to establish an transaction floor price a few years from fisrt oil.
Many oil cos grew now crushed with debt or heavily diluted.
These guys have a pefext life simply vollecting divs, huge options, bonuses and salaries with six star expenses provably $30K month each csuite member. Why disturb that LOL?