a worthy suggestion

i just put the below post in OEL thread. it's worth for you people to read it as well.

""a worthy suggestion""

in terms of increase in revenue cost saving a merger between Nido & Otto would be a sensible suggestion.

just imagine the combined revenue of Galoc Oilfield.

substantial savings in terms of excutive payments & staff costs.

Otto & Nido are almost a mirror image of each other. they almost employ the exact same positions in each company ie: head of exploration etc etc.

in terms of the savings, i would think upwards off $5MM P.A

i'd also put forward that they relinquish any Service Contract that's outside of Palawan Basin. which means they concenrate of NW & SW Palawan Basin. also looking at other worthy acquisitions

plus we'd need a new company, it's out with the old and in with the new.

again another worthy suggestion after the merger "consolidation of the share registry"

1:20 something like that.

this isn't something which has been plucked from my backside.

the above would create a very strong company.

a company with a very very good revenue, exciting combined exploration assets & a very lean well oiled machine.

there's a lot of changes going on in the industry (oilpatch). if you can get a combination of the above it would strengthen both companies.