Ann: Investor Webinar, page-42

The potential issue I see for STX is that it is competing against much larger players to buy WGO - Hancock has $18 billion in cash! Good luck competing against that if Gina decides she really wants WGO!

Having said this, it's not all bad for STX. Reading between the lines it sounds like Hancock is interested in STX and in playing a role in the consolidation in the Perth basin. This should be positive for STX.

Then of course don't forget BPT - they are committed to the Perth Basin and won't take kindly to Hancock muscling in on what they view is their core business in one of their core regions.

Interesting times!

GLTA & DYOR