Maybe the purchase of the JV percentages were just ROG wishing to exercise their "out options". Off memory, we had dealings with ROG over at CTP . I would be inclined to think that they are just resource speculators.
Must have something to demerge, otherwise why the statement at this point in time.
Nine exploration permits in the Perth Basin with a 21.25% interest in a producing gas plant (9.5tj,s gas and 500bbls gasoline per day with 30bcf reserves). Will be receiving 100% cash for both gas and condensate before end of year. Don't know much about Clarence/Morton except that I'm a banana bender who watches/reads the news.
Again, thanks for your reply. I will now sit back to see what transpires.
EPW Price at posting:
$2.35 Sentiment: None Disclosure: Not Held
