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Ann: Supplementary Bidder's Statement, page-132

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Al99

2,629 Posts.

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11/02/23

15:32

Post #: 66195497
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Originally posted by jake0002: ↑

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.

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jake

Most JVOA’s have a sole risk clause for exploration, but developments could be a whole different ballgame.

I have not personally seen it happen as it is not generally envisaged.

never say never but I still think commercial logic will prevail.

SN not winning many friends across the industry with these moves.

AL

WGO Price at posting: 36.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Supplementary Bidder's Statement, page-132

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