Something to consider, when Cape Lambert came onboard as a cornerstone holder, Central Petroleum were in boots and all accumulating shares, neither of these companies are managed by incompetant people, my guess is Central were looking to acquire MHL and opted out to take profits rather than enter a bidding war. So the question is why were they both so keen to take on MHL when results from Fury had not come in yet. It won't be that long before we find out the flow rates and we may have an answer, maybe we won't.
Cape Lambert have "connections" to other assets in Krygystan and the surrounding area so for them that may have been the key point, but was the boat leaking when Fury was drilled and is that why Central also became involved or was it an opportunity for JH to acquire a cheap set of assets to add to Centrals portfolio.
It is all speculation on my behalf and we will find out in due course, just something to kill a bit of time while we wait.
MHL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
