Hmmm,
Not sure why they didn't place an indicative value on the deal. At the end of the day punters want to have at least a conservative ballpark estimate of what has been entered into.
I think this would have been better received if they had have put a price on the GSA.
I also think they would have done a little better if there was some money up front. Always nice to see a buyer of the product buy in for a small stake....say 10% and provide some working capital to get this thing bowling along.
Not sure why this hasn't been received better than it has though. There is PLENTY of uncontracted gas out there so the chances of this falling over are pretty darned slim.
It really boggles the mind.
Gaz
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