Thanks Tui, You might be right about the Landbridge motive although I would also say links between the bidder and Petro are pretty easy to find. That would be great if Mitsui got involved but I'm pinning hopes on New Hope or Sto . New Hope do have a lazy billion in cash which I would have thought they'd be looking to deploy some off. And tt is not like they stand to lose anything bidding up their own stake! It is also very hard to find a good cheap oil and gas asset these days with proven production and a long term offtake/ guaranteed revenue. I also agree STO could be thinking they don't need Landbridge potentially blocking their access to Meridian gas. First LNG from PNG LNG was announced today which might mean STO has some wriggle room for a little bit of dilution?
Fingers crossed. In the meantime someone has the sp well and truly locked up at 38c
WCL Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
