Not really very good news for us...
On a good day TGA has roughly 1/3 the production of the Dana assets which are stated to be producing 39M BOEPD... they are getting about $150M upfront and then a couple of contingency payments down the road...
That deal would value TGA around 78.6M and the initial cash would be just $50M.. on a per share basis that is only about $1/sh with initial cash of only $0.63 but I might just take that right about now...
https://
www.oilandgasmiddleeast.com/drilling-production/37186-dana-gas-sells-onshore-egypt-production-business-worth-236-million