Ann: CERCG Announces Intention to Make Takeover Offer for AWE, page-13

agreed.
and Al you will recall that MIN acquired EGO assets ( I say sleazily) via its appointing a Receiver to EGO assets, and then did a DOCA.
so it got the incumbent EGO mgt (incl CEO and a few geologists.
But it also got the tenements right beside the Irwin discovery (part of the Waitsia tenements).

So with an acquisition of AWE it will get the AWE mgt to manage all of MIN's O&G assets, plus it will be able to use AWE's expertise and knowledge to develop the EGO assets including next door to Irwin well.

I reckon its a sure bet the Chinese will come back with a higher cash bid. And MIN can easily afford to up their bid.

What I forgot to mention is that AWE is the Operator of Waitsia, so as mentioned in media, Beach may not be happy with an overseas acquirer becoming Operator, and that Both MIN and CERG having no experience in O&G development and mgt (as far as I can see).