However it's a pretty sweet deal since the original purchase price of the NBU was $480 million BEFORE adding improvements for CO2. Pipeline etc. How did that get approved by the Board of Directors? Hmmmm. If it wasn't profitable to run before, what does a change in ownership make?!
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MF was higher in his offer for the EOR assets but think ol Kermit may have refused because a lot of people would have left Chap to work for him.... just saying
No, Mark Fischer is not the buyer and has no part of the new company. ExDenbury guy TRACY Evans is the buyer. Seems like a well experienced group of guys with 30+ years of CO2 experience. The asset may finally be in good hands.