yep, just tyre kicking at present, because they want to get in...

yep, just tyre kicking at present, because they want to get in the door, so that they can do d/d.
since Petro made their proposal, and Petro actually got to do d/d, and got the confidential stuff , WCL has changed considerably.
L/B has access to only the public info.
so they will want access to the other confidential stuff - eg the detail of the Validation Report by RISC, the production data, well completion data etc etc.

imo, there is simply no point in buying on market, because any bid goes no where without the NHC/EIT parcel. And imho, that NHC/EIT is bigger than their 30%, because many of the Top20 would follow the recommendations of NHC/EIT - so that block is probably closer to 50% as a guess.

So unless L/B can win over NHC/EIT, their proposal goes no where.