I recall a similar sized bid at 9.7c a week or two ago. At the...

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.