I emailed Rmp some months ago about them looking at assets - They continue to look but they feel assets will only get cheaper when companies come under financial distress. I certainly believe the distress is only just starting now and we should pick up an asset sometime this year
Hi - I know otto are planning a structured exit, which probably means someone will be buy their share....it certainly sounds like a major oil company with the financial muscle to drill and develop cinco. I need to ask Rmp what they plan to do but they could sell also. Sc55 is worth a bit as it contains the cinco prospect and Bhp spend around $50m on this permit. Hawkeye have hydrocarbons makes cinco more attractive.
OR, can Otto sell the entire license (our 15% too) or will this be discussed between the license partners? Also, do you think the other license partners will offer to buy ottos share out? What was the cost of SC55? Thx
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