eni, page-3

Interesting development. ENI as a oil major is setting it's self up nicely and is GREAT for NEN. The reason being that by getting 50% of the block between NEN's two blocks the acerage is huge.
Coupled with this it positions ENI perfectly to T/O NEN and Essar and of form a partnership with Essar? Not knowing the size of Essar and as NEN has a small share registerit positions ENI to take out NEN at what would have to be a premium price given NEN sits each side of the block,
As was mentioned ENI as a oil major (the same size as BHP) must be very confident in hitting a significant find.
The management of NEN did a great job of getting ENI on board.