Australia's largest stock trading and investment forum Australia's #1 stock forum

AWE

Click for more information

0.00%

94.0¢ awe limited

New bidder enters AWE race, page-56

First 56 Last

Share
Profile

Follow
nammuldi

2,266 Posts.

58

12/12/17

13:31

Post #: 29567420
Share

Originally posted by Al99 ↑

Jake

Waitsia is a good asset, but it was not considered the largest prize in the Lattice portfolio. Recent volume upgrades would have lifted the value, but the offshore Otway project would still be the most valuable piece of the Lattice portfolio.

The Lattice acquisition has not yet closed, which is why BPT has been relatively silent on the bid side of things. I don't see them taking part in this as it would concentrate risk too much in their portfolio. Owning 100% in an oil and gas asset is unusual and it is largely on the basis of risk mitigation. It is always useful to have another point of view in a JV meeting. Sort of internal due diligence if you like. Introducing Seven as a player here would also be detrimental if I was a BPT investor (I'm not BTW). Too much of a conflict.

There is a long way to go in this process. Patience is the key.

Cheers, AL

Expand

Does the other JV partner in this case Lattice/BPT have any preemptive rights over Waitsia or is it a case of a new JV partner because it was a Co takeover, not a acquisition of Waitsia 50%?

AWE Price at posting: 81.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 26 more messages in this thread...

First 56 Last

Add AWE (ASX) to my watchlist