takeover, page-9

EL
the aborted play was AZA.
As for drilling success, everyone knows that production and reserves is what companies are valued on. Surely, if Eric chose not to have a capital management/dividend policy then he would have used some of the cash to farm-in to other explorers/producers discoveries so to maintain cash flow and reserves as well as planning new discoveries.
The problem I have is that what does he know that others didn't when they came up dry in the areas that he bought into.????