Ann: STX: West Erregulla Update, page-71

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05/02/21

09:47

Post #: 50728195
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Originally posted by gimo211 ↑

...just to get the facts correct: the Spanish assets have not been an issue!
This was (at least) a misleading statement by the WGO management at that time...

From STX response to the WGO rejection (Source, click me):

The main problem in my opinion at that time was, that the WGO management was not available even for informal discussion with STX if a merged company would create more value...
In my Opinion such behavior at that time was not in the best interest of the WGO shareholders (except the two Scots...)

The rest is history and as a STX holder I'm very happy today that STX didn't dilute the value of the Permian Fairway for 50% of West Erregulla. And I wouldn't expect a second offer for WGO by Strike...

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such behavior at that time was not in the best interest of the WGO shareholders (except the two Scots...)

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Gave your post a like but wanted to ask you about the above.
With the 2 Scots being the largest SH's in the company why was it better for them and not the other SH's when they have most to make from a higher SP? that i believe will eventuate when the gas sales revenue starts rolling in or there is a TO.

WGO Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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Ann: STX: West Erregulla Update, page-71

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