re: broad range to cover his backside hope your right kkw but i dont expect the range to be all above the bid price most brokers had valuations at around $1.50 to $1.90 before the bid.
Remember tullow are buying for uganda on undisclosed potential the valuer will only apportion Uganda at the said 30m barrel number. Released to market .
And the buy sell ratio is 1 /1 every buyer must have a seller Vwap today is $2.066
Cheers Hoot
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