The negativity is astounding, this deal provides a solution to...

The negativity is astounding, this deal provides a solution to some much needed holes in the NSE picture, immediate cash-flow , substantially de risked acreage in the US with proven proximity to O&G, the same thing we cant seem to find in the canning basin in nearly three years of looking. Acreage in what has been suggested as the last prime piece of the Cooper basin, with the added bonus of it being next to infrastructure , something that is 3 to 10 years away in the canning.
What have we lost, no canning assets, so nil effect there, No drill of Mer , this would have cost 12m to 15m with little guarantee of an outcome, plus it was to be plugged for future appraisal, where would that leave us , waiting 2,3 5 years. Yes we have some immediate funds out the door on this deal , better than dwindling it away in the Canning, Carnarvon on high hopes. Only a few weeks back BRU gave us land , what does that tell you.
The dilution is in significant, we will still be under 500m units.
Plenty of upside to go.
The transaction provides us with some certainty moving forward, not just sitting idle, waiting on 12 month internals between spud dates on potential wells that are hundreds of kms from anything.
Some discussion has been said this acreage put forward by Hunter in the EF is worthless, how do we assume this?
It has wells on it producing and is in the proximity of hundreds more making money.
Or the alternative is we vote this down, drill mer and one more in the canning, spend all the funds, and end up in the same place we were 2 weeks ago , have nothing , but this time it will be with no cash and a SP on the floor.
Sometimes change although not welcome and hard to get use to , is for the best.
The machine has to keep evolving or it risks losing everything.