Africa Oil Corp (AOIFF)

[Scarbender]

A possibility???

Repsol, Lundin reportedly eyeing Marathon Oil's Norway assets • 11:59 AM
•Spanish media says domestic oil company Repsol (REPYY, REPYF) is poised to make a bid of #$%$2B ($2.7B) for Marathon Oil's (MRO) assets off Norway in a move to optimize its own portfolio.
•Sweden's Lundin is among a line-up of 10 bidders angling for the MRO's portfolio, with possible participation by Asian players, according to the head of Oslo-based research firm Rystad Energy.
•MRO could announce a deal for the assets as soon as mid-June after bids were submitted earlier this month.

If MRO sells production facilities/capacity for $2.7B, why would they repatriate the cash back to the U.S. to only end up paying a huge (30%+) tax on the gain. Why not develop its Kenyan enterprise????