If a second bid is to appear it will require a lot of bravery to sell it to their own shareholders. What are you actually getting for an intial outlay in excess of $1.5 billion yes 6000 barrels of oil per day plus operating commitments for a year or two. Right now these sums may not look to clever in one or two boardrooms. Tullow has said that they have put the bar very high from the start now we shall have to see if they have played the game well.
This second bid is a gamble and might in time cost the CEO in question his job as has happened to young Mr Potter.
Not out of the question but looking less likely to me in the present climate with oil prices off their recent highs. BWDIK
regards
HDR
hardman resources limited
