Hi Jake,
I would expect that BPT are working flat out on this . They certainly don't want a Chinese partner and why share a huge Waitsia prize with MIN. The Perth Basin has been smoldering for a while. It is one of the 10 best CH4 basins in the world and finally some people are waking up to it. Waitsia's production is set to soar. If I were BPT I would want the lot and then some more of this prolific basin.
MIN has already got its hooks into EP368 which is next door to Waitsia and are due to drill with partner NWE next year. It won't be giving upon on AWE easily. An intriguing chess game which might finally reward a few long term Perth Basin holders in a number of companys..
I would expect a BPT offer significantly north of 80 cents. Only guessing
Best to you and family for Christmas and New Year
Hi Jake, I would expect that BPT are working flat out on this ....
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