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CashMcMogulson

07/16/14 12:21 PM

#17700 RE: sahd3g #17699

Yep, although on a share price I see this as more of a $0 to $25 by end of 2015 situation. Unless Ray has a brain and sells the company right after discovery for a billion (which would be a SP of $45 approx). I think any higher would be a tough sell. Tullow doesn't the have cash + stomach to dilute their equity more for a greater than $1B deal IMHO. And we don't need to be in the oil extraction business which is years down the line in case of a discovery.