KH did say at the presentation that he asked Lukoil the question - why not buy the company, and they said they would rather Farm in, and benefit from Bowleven's expertise in Cameroon and also Etinde. I think that is what he said - it is interesting that in our heads we assume that big companies have all the skills they need to swallow up smaller ones, and have enough weight in their brand to impress companies and countries a like.
But being a MD of a small company who works with lots of larger companies, you realise that that is not always the case, so Bowleven's skill set and in country knowledge of Cameroon is perhaps more valuable to Camop and Lukoil that we appreciate and that is why a take over may not be on the cards, even at these prices.
I also do not think that the majority of Bowleven's employees and directors would necessarily want to work for a large Russian company, so retaining skill sets would be hard and timely..
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