11-16-2012, 08:34 AM
'TxPm' pid='12654' datel Wrote:This hasn't been discussed & in my personal opinion a buyout won't happen until the final bidder is announced & we receive official NEC approval. I think the official NEC approval lowers the political risk factor even more & I think should we get bought out most likely it would be by one of the current bidders. I would think the bidders would want to see if they won before make a buyout offer
Although it's speculating, but it could be cheaper/more attractive, in relative terms, for a bidder to bid for the whole company than paying for a 25-32.5% stake in E/A alone. Added bonus is they would be in control and I'm pretty sure Pet isn't the only one looking at their license areas and counting these possible reefs.