Ann: Erregulla Deep-1 Flowtest Commences, page-114

I'll merge my response to both yourself and @Luck101 into this post. There are merits to the rumour that Hancock is looking at bidding for MIN gas asset. If true, it would make sense for Hancock to press pause of WE FID. After all, if Hancock ends up buying the MIN asset, it would not want to build a plant for the MIN gas while also pressing ahead with building a joint plant with STX for WE. In fact, my view is that if Hancock is successful in buying the MIN asset, then the probability of a bid for STX will increase. Think it was @invertedva or @gimo211 who drew up a map of what a merged MIN/STX PB landholding would look like and it would look extremely dominant with an almost monopolistic holding from LD all the way to Walyering and extending to the East as well. So if Hancock buys MIN's asset, it wouldn't be able to consolidate the gas asset into a single strategy without the cooperations of STX. If it takes out STX, then it can build one gigantic processing plant somewhere between LD and WE as a central point for all the gas fields (inc NED, ED and potentially Arrino and Kadathinni), and build a single pipe to connect to DBNGP. This will also ensure sufficient gas for its own mining operations as well as powering other mining/industrial operations, while enjoying access to export markets.

That said, I am not going to wade into the shorters working for Hancock to suppress price theory or any other conspiracy theory. I have enough to occupy my mind by simply focusing on the business and the energy sector itself without needing to spend precious brain power on other unnecessary stuff that is well outside my pay grade and control.

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