Ann: Quarterly Reports, page-6

Think you and Garfus are right,a logical move for a big player like Beach or Mitsui would be to take out the WGO 50% of the JV and have an easy road to T/O of STX and hence easy way to control the Perth Basin assets.Unless WGO are serious about becoming a future gas supplier,a credit raise at this stage would be disastrous but hopefully,if necessary not until end of second quarter 2020 and nearer to the next drill.With share price in stagnation under bot control and in absence of ongoing positive announcements,WGO best option is still a take over,drop the JV ball and wait for Spain to become a reality.
All in MHO.