Jiggy,
this is exactly why the SP divide is going to get larger.
don’t get me wrong WGO is undervalued for what they have in EP469 (and so is STX), BUT I agree that any takeover would have to coincide with STX also being taken out as any interested party able to stump up that sort of money would definitely want operator status.
The argument has been had many times over on the WGO thread but the operator status is extremely important and valuable. Especially with the northern PB fairway play now being exposed. (Previously it was a one off Waitsia discovery that didn’t have a fairway play attached).
back in the AWE / mitsui / BPT days of Waitsia the operatorship appears to have had a 50-70m value (operates half selling for that premium). With the fairway identified and STX having a lot of other ground to drill in that fairway, the operatorship is worth a whole lot more than that now.
IMO
Ann: Greater Erregulla and Walyering Update, page-37
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $1.056M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 262128 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3834531 | 37 |
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