For the moment the gesture of Jay seriously looking to purchase new assets is more important to me. This shows Aminex in a very strong position as he feels comfortable to expand in this manor. Which assets or even if we take on any remains to be seen but all good for sentiment either way. Bring on the next chapter of Aminex's move to the top :-)
Well if it proves to be true it will be a shame of course but hardly a surprise; if the assets are as attractive as was suggested by many on this board there were always going to be bigger, better capitalised, more cash rich or credit worthy companies in the mix....
Word is Dragon Oil is preparing a bid for PCI. Not clear if it's for all assets or just parts. If true though, we'll be moving onto the next deal pretty quickly as we can't compete financially against the gov't of Dubai.
Strangely, if you research back a couple months, reports were that T5 Oil & Gas made a bid for PCI's Egypt assets in Jan/Feb. Nothing reported on what happened to the offer though, if it was rejected or never formally made. Odd.
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