Why should EGO & KEY merge?
The aim of selling the canning acreage to KEY because KEY has less share & a low market cap !
Key is now the 3rd largest acreage holder in the canning basin which has 229 Tcf of gas according to Buru Energy corporate presentation on 17th April.
It makes business sense for managment of EGO to "transfer" the acreage to KEY in return for KEY shares & has continutity with CM as chairman & his son as MD.
This happens in Range Reosurces (RRS) which has billions & RED Emperor was used as the same reason as KEY IMHO.
Don't care how management makes money or self interest as long as the it benefit the shareholders too.
Why should EGO & KEY merge?The aim of selling the canning...
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