I would think if we pay cash for these new assets and production, we are entitled at least for the combined reserves and production. We know nothing about this “integrated company”. If it’s publicly traded company we may receive those shares, but somehow I think that we will merge with it’s “5 branches in Saratov region”, and this new Saratov entity will become publicly traded subsidiary of “integrated company”. Again, the fact that we pay cash means (IMO) that current NWOG shareholders (including the major shareholder – JSC NWOG) will own almost 100% of the new Saratov entity (couple of shares could go to those guys in addition to cash). And, again, it’s my opinion, that at this point NWOG needs to merge with anybody, change the name, ticker, exchange, attitude, and start new “clean after-Parkin” life. If market accepts us as a new company, we will immediately move higher to sector average multiplies.
All IMO.
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