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Yes thanks GS I wouldn't have thought that would work. I'll have to try it next time when in blocked by a pay wall.
Thanks GS
BlooBird,
Right click on a webpage on most browsers and most likely you'll be presented with an option along the lines of "View Source". There are other ways.
This will show you the source code of the page, which is what Google, Bing, etc. see.
It's sometimes the case that on pages like rpoodle linked to, where the full content is apparently behind a paywall, that depending on what method or tool they have used to achieve this, the full content is still available within the viewable source code.
The source code can be very large, and much of it won't mean anything to you, but you can do a "Find" to locate the actual displayed text.
It just so happens that this site (for now at least!) has approached it in a fairly sloppy way. Check something like a premium article from the Telegraph article if you are interested, however, and you will see the difference.
I used to actually have a subscription to these guys, but most of it was simply a re-hash of what could be found elsewhere.
GS
GreySquirrel
Would you mind explaining a bit more re. the following ?
"A little trick. Inspect the page source and often you can see the full text hidden on such pages."
Thanks.
Why not apply. This will be way down the road when Sealion is developed. Therefore they will have loads of cash in the bank. GLA
Many thanks GS! Much appreciated.
I guess the key question then is how Rockhopper would pay for such an acquisition. My preference would be for an asset swap with Karoon or DNO (so part of Bauna for part of Sea Lion), as it would lessen dilution. However, if that does not happen, the other options would be debt and/or equity issuance. Given the current share price, the latter would be extremely dilutive....
A little trick. Inspect the page source and often you can see the full text hidden on such pages.
GS
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Petrobras is aiming to raise between $30 billion and $35 billion from divestments under its business plan after Brazil’s Supreme Court shot down claims that selling off subsidiaries required congressional approval as if the sales were privatisation of the oil company itself, writes Gareth Chetwynd. The judgement opens the way for the company to reduce its presence in the midstream and downstream sectors and focus on its core business of oil and gas, according to chief executive Roberto Castello Branco. Non-core asset sales in the upstream sector have been moving along, but more slowly than Branco would like. Some of these delays relate to procedures put in place in compliance with recommendations made by Brazil’s federal audit tribunal (TCU), as red flags can trigger a mandatory re-bid. The sale of a cluster of shallow-water Campos basin assets called Pampo-Enchova is finally nearing its conclusion after another double re-bid procedure. Trident Energy, a UK-based company backed by private-equity giant Warburg Pincus, and Brazil’s Ouro Preto are in the running for a deal that Petrobras says will be worth more than $1 billion. A similar saga involving 34 onshore fields in the Potiguar basin reached a conclusion with a $384 million acquisition by PetroReconcavo, although the company came third in the original bidding process. In November, the Petrobras board went so far as to approve the sale of these assets to another Brazilian company, 3R Petroleum, for $453 million, but the deal did not close because the bidders could not provide the necessary financial guarantees. Petrobras has endured an even longer wait to get rid of the Bauna field after little-known Portuguese outfit PetroAtlantic emerged as the original low bidder. Brazil’s PetroRio came to the front of the pack, but financing efforts have reportedly faltered and a group consisting of Norway’s DNO, Karoon Gas and Rockhopper Exploration remain interested. “Petrobras wants to avoid the situation where adventurers are coming in for assets and hoping to raise the money afterwards,” a Brazil-based mergers and acquisitions lawyer comments. In another recent case, a Brazilian company called Magma made an approach for the Maromba field, proposing BW Offshore as a partner, but was encouraged to let the more experienced Norwegian company drive the project. There are some signs of deals moving more quickly. Malaysia’s Petronas acquired a 50% stake in the Tartaruga Verde field and Module III of the Espadarte field without triggering a re-bid procedure. French independent Perenco is moving forward with redevelopment plans after completing the $370 million acquisition of the Pargo, Carapeba and Vermelho shallow-water fields from Petrobras in December.
Although I don't have full accces to the article, from the snippets I can see it looks like Petrobras's talks over selling some of its assets have "faltered", and that "a group consisting of Norway’s DNO, Karoon Gas and Rockhopper Exploration remain interested".
The article is here, if anyone has a subscription (article is from June 20th):
https://www.upstreamonline.com/focus_editions/1809596/petrobras-on-asset-sale-trail
How would we pay for them ?
I hear that Rockhopper is still in the running for some producing assets in Brazilian waters
Mogger