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(Bloomberg Opinion) -- A dozen of the 658 pages in the just-published Saudi Aramco prospectus list the banks, law firms and consultancies midwifing this gargantuan IPO. Much further back, you will find the third-party certification of the company’s oil and gas reserves. Including the cover letter and two sets of signatures, this clocks in at 10 pages.If that strikes you as a tad unbalanced, consider the IPO of another state-owned energy behemoth, Rosneft Oil Co. PJSC. The third-party assessment of the Russian oil champion’s oil and gas reserves published in its 2006 prospectus runs to 135 pages, incorporating detailed field-by-field analysis of reserves, pricing and different scenarios. To be fair, Saudi Arabian Oil Co. has another 16 pages of more qualitative material on its upstream operations under the business-description section; on the other hand, that bit ran to more than 50 pages for Rosneft. True, Rosneft’s upstream business was a somewhat complicated affair...
While Hochschild Mining plc (LON:HOC) shareholders are probably generally happy, the stock hasn't had particularly......
