Ann: STX: Strike increases ownership of Warrego to 19.9%, page-56

There's still Ellison, the Americans, and Mitsui; not to mention the big oilers STO and WDS who may yet decide to own the whole basin.

Story just hit the 25% mark, still 75% of the corporate actions story left to play.

BPT's crash today is a cumulative effect of multiple material issues...

1. Strike's asymmetric attack/defence by taking 20% blocking rights
2. Waitsia Stage 2 heavily delayed stuck due to Clough ltd going into administration
3. drop in Macro O&G stocks tied to international prices.

Basically in that order, those are the catalysts, motivations on the drop.