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Re: dat_51or post# 4877

Friday, 08/08/2014 9:20:50 PM

Friday, August 08, 2014 9:20:50 PM

Post# of 7223
Selling off proven assets much like Tullow's model would make sense to me. Keep the real jewels that are easy to get to market and sell off the ones that are going to take time and suck up a lot of cash in the process. It worked well for Tullow until deep water drilling costs got out of hand and they hit a few dusters in a row. Now they're recalibrating to get out of deep water exploration and focus on on-land plays.