It ended up being a big stake in an Aussie company who has tentacles into some ALASKAN North slope fields. Very prolific area and close to a huge find. Sounds promising and the market reaction has been good on a very soft day for resource stocks.
Selling off Galoc appears to be a masterstroke but of course they need some of these rock bottom priced investments to pay off. It will be an extremely eventful year for Otto.
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