merger ann coming through, page-29

Apart from the obvious benefits from forming a 2.5 billion company, the downside to this deal is the dilution of 35% of any upside in the coming drill announcements. Although diversification of assets into Australia will help.

There is another upside not looked at yet IMO. The possibility of another major looking to takeover SDL before this merger goes through. If they really want the Cameroon asset they need to get on their bike and make an offer soon!