average cost per barrel, page-6

Biggle,

I think two other reasons are:
1) After allowing for taxes due in May, plus working capital etc they might not have more than perhaps A$30mm freely available imho, perhaps even less.
2) There are probably quite a few hurdles to taking money out of Thailand (including demonstrating that you can pay your taxes?)
3) Another listed oiler? If it's cheap it's got warts, and a dog's body of mostly rubbish assets, some with huge spending committments). Better to cherry pick their distressed assets at the (coming)firesales, or farm in real cheap.

EL