Hi DB DJ is to shallow for the Athena and I believe if there is a deal WPL would be wearing the cost not COP. I doubt COP is desperate to sell but does have a binding aggreement, however WPL will be desperate for it to get over the line...
If that were the case then a free carry or a an increase in our WI in the JV leases through WPL would be the likely outcome IMO with cash being unlikely for tax reasons..DJ could be involved.
Of course our backers and I'm sure we have some, would be looking for the lot hence they would likely push for arbitration.
Could be an interesting challenge for managemsnt if we were offered an Elephant leg but our backers wanted two of them....
Ah the intrigue of it all...
Cheers Whisky
BHP into 9/4, page-50
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