no big deal, page-43

Every time I point out the obvious benefits of merging NDO and OEL together I get roundly pooh-poohed.

I am pleased someone else is mentioning it this time. As well as the money saved from reducing the high admin costs in both companies, the much larger Galoc cashflow and also reducing Galoc to just KUFPEC and the merged entity, then easier to agree on the way forward for galoc with only two parties at the table.

Also the WL stranded field that NDO has is far more likely to get developed by the larger entity rather than someone else with the combined cashflow of Galoc behind them to give them the grunt to mop up the smaller players/cut them a royalty etc to get the development moving, perhaps bring KUFPEC in with them for the ride as they specialise in developing smaller discovered projects like WL. Their equity payment for buyin plus Galoc moneys from NDO/OEL would easily get it up and running, perhaps with some project debt thrown in as well.

Yes it is up to the major shareholders of both companies to do this. Otto has Singaporeans involved as well. They would surely sanction a merger. Admin costs, esp at NDO, are ridiculous.