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.
That was a little (or a lot) tongue in cheek by me ... "merger...
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Mkt cap ! $67.13M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 745312 | 1.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 10298589 | 19 |
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