Ann: Tawana to spin out Cowan, Yallari and Mofe Creek Assets, page-61

Originally, I didn't quite know how to feel about this announcement.

But after reading through it a few times, this is a positive announcement IMO. MC has reiterated numerous times that there will be a significant LOM increase and that they have 10 years of drilling ahead of them.
With Cowan now out of the picture, to me that says there is more in the ground at BH than originally thought.
Knowing MC, why would he put Cowan out of the picture if he didn't have complete confidence in the BH project. As stated in the announcement, this will now free up the capital to progress BH at a faster rate.

2018 will be a bloody interesting year for TAW and for the better IMO.