Post by
Snakebite18 on Nov 24, 2022 10:10am
Buyout
My thoughts on a buyout or takeover are, it's very very unlikely, especially at this stage, during a drilling campaign. It would be different if they were up to full speed, but we're not there yet. The cause and effect to swapping partners now, would be such a headache for the TPAO. Pretty sure they don't want or need that right now. There's most likely some kind of provision or clause in the original agreement that protects them from any thing of that nature anyways, as far as being taken out. Also pretty sure TCF knows what they're sitting on. Not really sure how the agreement's written, but most likely TPAO is steering the ship anyways with there 51%. And with that extra one percent, I think if it came down to it, they'd be the only one getting it all.
Comment by
Snakebite18 on Nov 24, 2022 10:16am
Besides, how do you put a number on this and what exactly are we getting for that.
Comment by
CLOUDER on Nov 24, 2022 10:42am
Art has said that after the second and third well the financial bunch can crunch the numbers...and by then they will know TCF is for real....and the bigger money will be coming in.
Comment by
onthepath on Nov 24, 2022 12:24pm
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Comment by
Investnowplease on Nov 24, 2022 1:04pm
Imho. No chance of a buyout except for the existing partners in SASB. This is way to small potatoes for anyone looking internationally. However at the prices they are getting it makeshreat cash. The big question is what do they do with the cash once the dust settles so to speak. Massive divy?, look for a bigger prize exploration wise? Thats the question
Comment by
onthepath on Nov 24, 2022 1:52pm
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Comment by
onthepath on Nov 24, 2022 1:54pm
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Comment by
Goldy63 on Nov 24, 2022 3:01pm
And I might add at a much higher valuation and sp . Yes two wells so far but with every well = more production = more SSSSS . And yes only takes one motherload big azz pool of Nat/Gas in one well and as Clouder would say WELL and I would say BOOM lol. Right.