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23:42
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Originally posted by anatol
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The situation is clear. It's not a good situation for the AQO shareholders.Hence, the Takeover Panel is here now.It is that simple! They made the 3D seismic on PEL570 without getting permission of AQO (maybe they get an unofficial permission from those directors, we can't know that). So they have a great advantage over AQO shareholder who does not know this technical data and the value which that tech. data creates.So, we can understand from those unpleasant games that the real value of this PEL570 is much higher than what DLS is prepared to pay while Magnum Hunter is happy to pay the real value. Is it that simple.
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It's a better situation for AQO holders now than it was 24 hours ago - at least we have seen a backdown of sorts to the ill fated "rush" to sell to DLS. See what happens now that DLS is not in the box office seat with their offer. Might see round 5 of the match yet.
