munch munch munch, page-795

Just need to grab some popcorn and wait for more news. The inventory of followup prospects should eventually come with upgraded COS and resource numbers. STO's move is positive, just surprised how quickly the deal happened. The end result is activity will accelerate which is great for the region.
CVN won't have any problems finding money for the share cost of developing this baby. Its a play opener, with light oil in a under-explored basin. Current SP is cheap, and I can let your imagination wonder what it will be worth at 100$ oil, think exponentially.
Too many here have been fixated on the cash value that STO payed for Quadrant, and forget all the unknowns about the deal. Anybody care to speculate on the royalties? I don't think Quadrant sold the business that cheaply. Quadrant SH will be earning money from Dorado and whatever else is discovered for a lifetime and now they can relax and concentrate on other business.