I consider its likely Shell are just testing the waters here. They would also like however 51% to gain control, and stop AOE selling gas to the Fisherman's Landing LNG project so as to have the gas for their own mega LNG plant on Curtis island.
But more bidders will surely appear and raise the bid price. It worth $6 at least. So I see quite a battle here over the coming days and the winners are us shareholders.
AOE Price at posting:
$5.00 Sentiment: None Disclosure: Held
