That was a little (or a lot) tongue in cheek by me ... "merger of equals" say using 2P would be for BYE at 17.4MmBO & 150 BCF (call it 42.5MmBoE) and then for OEL is would be 8.9 MmBOE ... so BYE gets 80% of combined company. You get the drift right. I can't be bothered to do the calculations and make the adjustments.
With Molton's support the combined company would be a long stronger ... plus only need the overheads of 1 of the mgmt teams (guess which one). Right there is a significant cost per Boe saving!!
Anyone think Trump can win re-election?
Have y'all seen Joe's (as in Biden not Joseph1652 )
https://www.washingtonexaminer.com/policy/energy/biden-offshore-drilling-ban-would-kill-200-000-jobs-oil-lobby-says
Gets harder and harder to keep ones head above it.
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Mkt cap ! $62.33M |
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Buyers (Bids)
No. | Vol. | Price($) |
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18 | 13498092 | 1.2¢ |
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Price($) | Vol. | No. |
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3 | 885122 | 0.011 |
1 | 100000 | 0.010 |
1 | 40000 | 0.009 |
2 | 245123 | 0.008 |
Price($) | Vol. | No. |
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0.013 | 8378606 | 8 |
0.014 | 9333319 | 15 |
0.015 | 6211000 | 12 |
0.016 | 1547276 | 4 |
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Last trade - 10.13am 29/05/2024 (20 minute delay) ? |
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