What, apart from a shedload of Cooper Basin acreage, a 75% share in a 1.4mmbo field and a 70% share in a field that just won a gong from APPEA as 'Best Onshore Discovery, 2003' ?
IMO it's much more likely they'd leverage themselves to the eyeballs with a big bond issue, or even sell off Worrior, rather than meekly submit to a takeover.
Ian Whitchurch
