Ann: Red Sky Signs Landmark Contract Offshore Angola, page-14

Where does this sit against people’s pre-announcement expectations?

for me it’s not a huge, company-changing Ann (yet) because:
-we don’t know the prospective resource of the acquisition
-4-5 year lead time
-pending approval by the Angolan parliament (90 days)

definitely has the potential to change the face of the company, but I’ve seen enough prospective exploration go badly to know this, at this point in time on the basis of this information, doesn’t mean much of anything.

this was already in the bottom drawer. I definitely still think it’s worth a long term hold, but I don’t expect much (sustained) uptick in the SP from this. IMO.