re: Ann: 09.10.16 CTP to Commence Proceedings... Don't think it is the best of news because it is still going to delay outcomes and still going to and further decreasing their chances of getting the rig to drill ooramina... I don't think BG will acquire ROG's stake because they could've increased their stakes at any point earlier and there is no reason for them to increase it to 30% now... Also, adding ROG to the JV would only have a positive effect with Rohan's input so again still don't think BG would want ROG out... So I believe we are still at square 1 as the only two plausible outcomes seem to be ROG enter or they don't... If ROG don't enter that could possibly mean BG aren't ready for phase 1 to proceed...
Any opinions?
Ann: 09.10.16 CTP to Commence Proceedings Red Sky, page-9
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