i just put the below post in OEL thread. it's worth for you people to read it as well.
""a worthy suggestion""
in terms of increase in revenue cost saving a merger between Nido & Otto would be a sensible suggestion.
just imagine the combined revenue of Galoc Oilfield.
substantial savings in terms of excutive payments & staff costs.
Otto & Nido are almost a mirror image of each other. they almost employ the exact same positions in each company ie: head of exploration etc etc.
in terms of the savings, i would think upwards off $5MM P.A
i'd also put forward that they relinquish any Service Contract that's outside of Palawan Basin. which means they concenrate of NW & SW Palawan Basin. also looking at other worthy acquisitions
plus we'd need a new company, it's out with the old and in with the new.
again another worthy suggestion after the merger "consolidation of the share registry"
1:20 something like that.
this isn't something which has been plucked from my backside.
the above would create a very strong company.
a company with a very very good revenue, exciting combined exploration assets & a very lean well oiled machine.
there's a lot of changes going on in the industry (oilpatch). if you can get a combination of the above it would strengthen both companies.
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