Anyone care to guess what WSS will be 'sold' for given it is carrying little value on the balance sheet, and therefore does not factor into the value comparison for an already *UNFAIR* zeta deal, surely it cannot be worth more than a single dollar for that 1.3tcf close to shore and pipeline gas?
I mean they wouldn't be keeping the whole thing under wraps deliberately until the vote next week would they? Surely not. lol.
So which is it going to be - We have the choice of two shockingly bad scenarios here:
Are we are going to 'sell' a potentially hugely profitable gas development opportunity for a solitary dollar, or are we going to sell it for a couple of million, be we don't want to tell anyone about it just yet because it will make the Zeta deal look even more shocking priced.
After all, management have said at 5.4.3 that values are not misstated on the balance sheet.
You have to marvel at the quality of that independent report that assigns a value to the Zeta exploration and discoveries but not for KEY. No, for KEY we will take managements word that the assets have almost no value. After all, it is in the balance sheet. It must be true!
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