I dont think a Takeover is what management are after or would support.......they have put in a lot of hard work and excellent timeing to position the company for future exploration of an area they are convinced has lots of oil...
They have a huge cash balance for any small cap oily in this market and plenty of prospects plus the support of a couple of experienced big caps to help fund the exploration...
The only thing missing is the drilling schedules and the analysis of PS1...
All positive at this stage..
Dyor
Ann: Divestment of Thailand Assets, page-165
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