Takeover Bid Issues, page-8

DB

I think that is a good call, as 80cents cash or so will probably see the deal done.

In regards to BPT, I can see them having a bit of indigestion in the near term. In any respect, the Lattice deal is not yet closed and is still awaiting some regulatory approvals. That is why they have not been adding ASX releases in parallel with AWE on Waitsia, as they are not yet on the title. If BTP was to offer scrip, they would probably need 90cents or so, to get the deal across the line.

My bet is Min Res will trump them all, and take a bigger position in the basin above and beyond the EGO stuff. I can’t see this deal being the only game in town.

If I’m right, it will have flow on effects for all the gas players in the Basin. Good times.

Just a thought.

Cheers, AL