Yes the merger is a survival tool.
The sale of TS to ENI who knows.
Maybe an ENI farm in agreement to Beehive, MEO retaining a marketable holding, with full carry for all exploration drilling including production testing.
In exchange for a sizeable holding in TS.
Seeing Beehive is in close proximity to ENIs, 100% owned producing gas field, Blacktip.????
Cheers IFINO
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