Its a hostile takeover. Would you do it when oils on a high getting rejected or when oils dropped its pants. Faroe producing 7500 bpd valued at $800 million. We producing 75k bpd minimum. So $5 billion is fair if anyone interested. 2.5 billion debt 2.5 billion for us sad poor equity holders.
Whilst we on 70p 150p would be a great start! Well faroe was only producing a few thousand bpd and that went for 785 million dollars. Dno should of just gone all out and brought pmo.
Oil just needs to get back to $68-70 which is does between 15th dec to 15th jan and this will be back in the 90s. I got in too early here with a target of 66-68p started buying at 74p thinking il miss the bottom again!