Brett,
Not too concerned, lightened substantially after first TPA announcement, but now prepared to patiently suffer a dip prior to poo recovery. Good newsflow next year, hopefully gas in California, and upside in Selmo production.
A lot may depend on whether Mitchell has to borrow, or has access to cash. Seems willing, but is he able?
You've got two parties fighting over the coy, presumably a very good vote of confidence in the quality of the assets.
I suspect most of the weak holders got out either onmarket or to COE recently, hence selling pressure might be absent, price might remain robust even without a bid from TPA. Doubt many were silly enough to come on as speculators, hopefully not as it is they who may sell at any price out of impatience.
EL
EL
IPM
incremental petroleum limited
