Why do you think HE needs to make a bid on WE or even STX (100% unlikely - just look at the Lockyer deal). Enough in play for them to simply take operatorship on 469, default STX on existing GSA's through their development decisions, and then the rest is history. SE doesn't ever get up - maybe sell to WP for $5m.
The positional announcement and experience of the CEO is appropriate for the last 6-12 trading months of the company. you don't need to have oil and gas experience to know how to flick a light switch.
STX Price at posting:
16.0¢ Sentiment: Sell Disclosure: Not Held
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