p1K,
"Not much motivation now for BHPB to bail them out - they could deal direct with the DOE on the basis that OEL no longer have the financial capacity to perform the work..."
Your assumption here is that if OEL is ousted on financial capacity, the DOE are just going to hand SC55 to BHPB on a silver plate.
This is far from the case...BHPB most likely would have to compete with any other suitors on a re-allocation of that block, and if BHPB see something they want in it, why not Shell, Exxon or Murphy etc. At least BHPB have their hands on it if OEL keep going.
Ann: Suspension from Official Quotation , page-7
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $4.714K | 392.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7391126 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 18351847 | 15 |
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| OEL (ASX) Chart |