NWE 0.00% 5.6¢ norwest energy nl

Ann: Lockyer Deep Operational Update, page-111

  1. 1,425 Posts.
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    RR, the point with the best and final offer, he can't extend again,

    When a bidder declares its bid 'best and final', the truth-in-takeovers policy strictly prevents the bidder from improving or extending its bid

    Now from my understanding after a 3 or 4month period another offer can be lobbed up, but at that stage the 2 drills will be complete, and if they flow anything like LD1, then any offer would need to be fair value with a contingent resource number out as well, because there would be a huge de-risking

    But good luck mate, hopefully 1 day can meet up in WA and have a drink

 
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