Ann: Farmin Agreement Signed With Otto Energy, page-20

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  1. 6,352 Posts.
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    I recall a similar sized bid at 9.7c a week or two ago.
    At the time there was another multi mil bid at 9.4c too.
    They got pulled each close and reloaded the next day.
    However the ~4mil @ 9.7c bid did gradually get filled.

    Perhaps that bidder is now unloading at 10c, who knows.....?

    I dont read much into it. OEL seems fairly priced around 10c until a few uncertainties are ironed out.

    I wonder if they're seeking another farminee at 15% to allow a bigger buffer for contingencies, especially since RPM has chosen to cap their exposure to drilling costs.
 
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