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$4.04 oil search limited

why didn't the partners buy them out then? Seems odd.

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yttocs

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25/08/21

05:15

Post #: 55543823
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Originally posted by Teddyward: ↑

" Oil Search agreed to an all-stock takeover this month after Santos raised its offer slightly to give Oil Search shareholders a 38.5% stake in a merged group, up from an earlier offer of 37%. Santos shareholders will own the remaining 61.5%.

"We added A$600 million of value in the context of that change ... Six hundred million dollars is not to be sniffed at," Oil Search's acting CEO Peter Fredericson said on Tuesday. "

He has to be taking teh piss with these quotes?
A quick note to Ya- mate you have added no value let alone 6000 mill when it came from such a lowball start. Give yourself a uppercutor a slap with wet fish and get serious and add actual real value to OSH shareholders by avoiding STO, selling down Pikka % and next train in PNG. It's all there in front of you and capital markets aren't that hard at OSH size.

You have partners who can access teh capital markets as they are big 10 oil worldwide sheesh

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why didn't the partners buy them out then? Seems odd.

OSH Price at posting: $3.81 Sentiment: Hold Disclosure: Held
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