I do feel that holding 90% interest in a block makes it much easier to deal with outside investors. Always better to be dealing with a single entity. Seems good and nice to have time to allow oil prices to recover without throw big money at this that they do not have right now
The bond exchange is ripe for shorts to take advantage of but oil is threatening to make a big move up.
Saudi inventories down big
US inventories down large this week again
Liberia in trouble
Venezuela production to fall 500,000 bbl per day this year
Rig counts down
Investments in new oil down 1 trillion dollars
Battle royal looming here in the next few days perhaps.