Ann: Supplementary Bidder's Statement, page-130

not prophetic - just wrong IMHO.
More experienced O&G followers here can correct me, but I was told by an O&G M/D, that most O&G J/V agreements provide each partner with the ability to sole fund wells, and presumably the development of the project.
I would have thought that WGO would baulk at that prospect - but Hancocks would be a totally different ball-game.
H have the cash, and H have the engineering and development experience. What they might lack, they would go and get.
If H want to develop WE, and STX play "funny buggers", then H would step forward.
Having said that, I still think H game plan is to process WE gas thru STX Hub.