Repsol has determined that an APA reverse merger would be disadvantageous to the company’s shareholders as the risk and liability far outweigh the benefits. Repsol management’s attention is now on Venezuela oil production and refining operations. The linkages that maybe realized in Alaska are very short term. An example is ENI developed several fields with higher potential than Pikka to eventually divest to Hilcorp at a loss.
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@3wn The restructuring of the corporation made that easy. Sell off APA Suriname and let the rest die.
With high oil prices majors will be cash rich soon, ready for acquisitions.
Good companies don’t get involved with bad companies. Apache CEO is the greatest con-artist to have ever walked the halls of Apache. He has told so many lies that he can’t remember what is actually the truth and what is not the truth.
Does anyone actually believe that anyone with half a brain would get into business with this joke?
If it smells like sh*t, chances are it isn't a rose.
Repsol avoided a nightmare of epic proportions
What? Who could have seen this coming?
You ok buddy