Sintana Energy Inc V.SEI

12 bidders per this Zach's article

[dat51or]

https://ca.finance.yahoo.com/news/zacks-analyst-blog-highlights-chevron-090900167.html

Credit to rocman on another board for posting this.

dat

[MrMoMnyMgr1995]

"Reuters cited $APA / Apache as amongst the group, a surprise considering APA is not capable of providing the capital carry Galp seeks in a partner. While only a rumor cited by Reuters, APA’s mention would make sense if considering acquiring Custos Energy’s 10% in PEL 83 $SEI.V. Considering APA’s challenges in Egypt, pairing PEL 83 along with a potential Suriname Block 58 FID to complement

[Wingafy]

Thanks for the link MrMo. At the end of the day what does a buyout from PEL83 look like insofar as stock price is concerned, 1;50 USD a share to the shareholders?  GLTA

[MrMoMnyMgr1995]

Very hard to say, lots of whisper numbers valuing 83 from $10 to $20B USD.  Value of carry?  Feels to me that the number would be greater than where we currently trade today and that doesn't give anything for 90, 87, 82, 79, 106, cash in hand and possible VMM-37 arbitration...