re: pumping oil 30,000 is a heck of a lot of oil to be pumping on a daily basis ... almost as much as the much vaunted Chinguetti field that HDR have staked their future on. And AZA have 50% where as HDR have only 18% of Ching ... HDR current market cap around 4x AZA.
AZA need to acquire some more fertile ground or use the cashflow from BMG to buy into some existing producing fields that are perhaps might be now considered too small for WPL or STO to maintain an interest in, bit like what ROC have just done in China. If the WPL claim is really holding the shares back then its a great buying opp. win or lose the case.
AZA
anzon australia limited
