Question19 Jun 2015 15:37
I have just received the printed details of the proposed buyout. There is one thing which I do not understand. The paperwork says that ENOC are paying £1.7 billion. Then it says that Dragon Oil had, as at 31st March, cash of £1,243 million (this figure has probably changed in the last 3 months). Does this mean that ENOC are effectively paying £457 million? Is this correct?