NXS- Desire for production to balance the existing appraisal and development pipeline (Longtom production late 2008, Crux production 2010, Echuca Shoals ~2015). Potential synergies between Basker-Manta-Gummy and Longtom gas development. Financial capacity and stated acquisition interest following Viking participation.
AWE-BMG may qualify as a “cornerstone” asset, given long gas project life, although exploration potential is perhaps limited. Relationship with Mitsui provides financial support.
Roc-Australian exposure would balance country risk associated with China / Africa, and fill production gap if decide to divest Chinquetti.
AZA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held