Ann: Investor Presentation - E&P Success in the Perth Basin, page-83

Resch

This goes back to which company would be taken out IF any corporate activity were to occur. IMO there is no way the non-operator would be taken out first. An acquirer would be better to pay up for the operator and then mothball WE and bleed the non-operator dry. This is especially the case given BPT own the tenements all around WE and can concentrate their time and money there whilst adding further technical knowledge into the trough.

I dont disagree but this begs the question -why didnt STX play nasty, hardball or whatever and go and drill the SE before WE-3,4 and 5