any revision of the deal with AOE will see the data room being opened to other parties. Although the list of potential bidders has lost BP due to their cash being directed to their oil slick disaster; I doubt Shell will risk other parties taking a look for the sake of a few million. Remember that majority of the funding is coming from PetroChina as Shell already hold 30% of the acrerage. Shell costs for the takeover will only be 20% of the $3.4bn offered and with the USD gaining against the AUD recently i believe they will keep the deal as is.
AOE Price at posting:
$4.84 Sentiment: Hold Disclosure: Held
