Ann: Lockyer Deep-1 Operational Update, page-73

really can't see that happening. MIN would not allow it and they have a blocking stake. MIN could certainly afford to offer much more than either stx or wgo. And what is a combined entity going to do with 20% of LD where MIN will be calling the shots? As for rapport based on the drill rig, wouldn't that rapport be between them and MIN as operator?

Now what I could see happening is ERL buying NWE, MIN spinning off ERL and the newly listed ERL having a go at WGO or TPD.