Ann: Greater Erregulla and Walyering Update, page-34

Had a thought earlier, and I haven't really properly considered it yet, but...

STX prove up WE, then divert all resources to SE, leaving WGO searching for another buyer.

STX put up their share of WE (assuming SE is successful), allowing for a big player to come in and buy WGO and STX share for a huge chunk of money. Funding all of STX's future activities on 100% owned assets and possibly allow for some capital returns to holders.

Alternatively, just hold onto WE, bleed WGO dry while they wait for action...buy them out with cash flows from SE or some other cheaper acquisition from a position of strength.

Frankly I don't see any big player buying WGO's share of WE. Why would you spend big dollars without gaining operator status. I see it as either all of it or none of it.