That looks disastrous when you consider the pre SNE price of $0.04 to todays price of $0.06.
5 years and a world class oil discovery later for only a 50% gain. That is a 8.55% compound annual return over 5 years, despite owning 15% of the biggest oil field discovered in 2014.
Capital raise dilution at its finest unfortunately.
Ann: CNOOC acquires 55.55% of Svenska's interest in Guinea Bissau, page-75
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