Mosman Proposal, page-7

"In the near-term the oil price brings benefits such as cost reductions for exploration," it said in a statement."

Now that is bullshit spin if ever I have heard it.
How can you get cost reductions for exploration because of the low POO?
Costs remain the same regardless.

Maybe they mean if they just do nothing and just sit on their hands..it won't cost as much.

The sooner we shareholders reject this Mosman opportunistic bid, the better IMHO.