What I mean by "discounted" is that the stock didn't fly on Kenya partner announcement, but I think it could very well fly on Chad partner announcement because
1) a big current liability gets mostly shifted to the partner if there are carries
and
2) if the partner is CEPSA, then a buy out of some magnitude (doesn't have to be the whole shebang) becomes very probable.
As for CEPSA as partner in the EEZ, honestly, if CEPSA wants to buys out, I could care less if they want the EEZ or not.
Krombacher