I read the $600 figure into that statement too. If that is...

I read the $600 figure into that statement too. If that is correct it appears that AED is going to have a significant amount of cash on hand at the end of this. They had about $300 million in liabilities last annual report. Of course it will be more than that now (like the odd $40 million unpaid bill).

At $10 a barrel in the ground I don't think Sinopec has overpaid, but even at that price AED's 40% would be valued at $400 million, not the $281 million it's currently sitting at.

Good luck to all holders.