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Delaware Permian E&P Looking for Buyer
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Tucked away in its 2Q filing Resolute Resources noted,
"As previously announced, the Company engaged Petrie Partners, LLC and Goldman Sachs & Co. LLC to assist the Board in a review of the Company's business plan, competitive positioning, and potential strategic alternatives, including potential merger, sale or business combination. Petrie and Goldman made a presentation to the Board with their analysis at the most recent Board meeting. In the exercise of its fiduciary obligations with the goal of enhancing stockholder value, the Board will continue to actively monitor and evaluate all potential strategic alternatives as the Company pursues its highly accretive drilling program in the Delaware Basin."
Back in June Kimmeridge Energy disclosed a 6.8% stake in Resolute and said the company…
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