Entropy,
Note the extra $30m being borrowed on top of what it costs to buy the assets. This removes the possibility of another inopportune capital raising. Also suggests to me that there is now scope to drill their leases faster.
I have been getting p'd off watching them sitting on a wealth of leases and not drilling much. Now with the next China round coming up, plus more spare cash to drill the GOM stuff, I think we are going to see some successes.
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