It would be a disaster for both companies if they merge. It is better to be partners and carry on our own paths rather than merging together. Number of shares on issue is simply too much for both Otto and Nido and if they merge, it will be close to 2.5mn shares issue and there is no value for SH.
Otto can sustain on its own if SC55 takes off and very well can become mid-tier player in O&G if we taste success in SC55 and Tanzania. Add Duhat and Galoc North to the mix, we are in for a better future with strong cash flow from Galoc II. Even if Otto or Nido Management plans for merger, I am sure SH from both parties will not support it and decision would fall apart.
I do not know from where these people cook up the story of imagination.
It would be a disaster for both companies if they merge. It is...
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