RE:RE:New CEOhikari wrote: Lonegaurdian19 wrote: With a producing asset it's about CEO pay versus share price performance. This was a major reason Keith was shown the door.
As things current stand we may see a change in 12 months if things unfold as they have. Keith was the brat that did little but bought back shares.
New CEO "data room for EG will close in Feb cuz of soooooo much interest" Deliver, that's why you were hired. Deliver and deliver quietly or can this joker
recently the Africa Oil management team told us that they made a good deal with Total farming down for a free carry in the Venus Block.
But when you compare the Africa Oil deal with this farm out deal recently (from an upstream artikle):
Rhino's stake in PEL 85 will fall to 42.%, with state-owned Namcor retaining a 10% interest and local company Korres Investments on 5%. Then the AOI farm out deal is poor. AOI/Impact gave a too big share of Venus to Total, compared to the share Rhino gave away to BP/ENI.
The current AOI management team cannot see the upside opportunities in Namibia offshore and they do not know how to play the poker game with their existing assets in Namibia offshore - this is my impression
"Slight" differences:
1) Rhino had 85% before vs. Impact 20%.
2) Rhino will be carried through two exploration wells, that's all...and even that is not crystal clear from the press releases, I read. For sure it's no carry to production.