LIO
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17.7% 2.0¢ lion energy limited

re: now in trading halt... Looks like they may have received a...

  1. trade4profit
    15,276 Posts.
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    15/11/04
    12:37
    Post #: 656726
    re: now in trading halt... Looks like they may have received a formal offer for Bula...

    Or could it be an offer for more than just Bula?

    My back of envelope figures put something like $16 million on Bula...when you take into account the rig, the spare parts inventory, oil inventory, existing stand-alone infrustructure and finally the premium that might be required to entice LIO out of a constantly "re-charging" Bula field.

    Double that and you buy the company!

    Could be some surprises on the way?

    Cheers!
    LIO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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