The company would not be looking for a takeover, holusbolus, I presume.
It would be more interested in the sale of its Lease/wells/AOI - whatever its called, the jargon escapes me.
It would then use the cash to go and buy more leases, drill, HBP, prove up a reserve etc. Sell, repeat.
Why would it want a TO now when it can continue its business model under the existing business structure, selling off its assets as they come to fruition and restart the process.
The company would not be looking for a takeover, holusbolus, I...
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