For my 2 bobs worth in the discussions.
Worth re reading the Good Oil Presentation again.
Taking note of the following.
The Purchase by AJAX ( Backed by Kelso) of the W&T Offshore Yellow Rose Permian field.
The deal was struck also on September 1.
"Ajax is a newly-formed, Houston-based oil and gas
company backed by Kelso, established to acquire W&T’s
Permian Basin assets."
Jefferies served as sole
M&A advisor and as lead
financial advisor to Ajax
and Kelso, respectively
Ajax Resources and Kelso Announce Acquisition of Permian Basin Assets from W&T Offshore
Source: W&T June 2015 investor presentation and Kelso & Company September 2015 press release.
That deal is still pending.(AJAX/W&T) as far as I know.
Antares would be very silly to announce that AJAX is buying Northern Star And Big Star as well, at the same time, I think.
And it would prudent to sit on the side and make sure AJAX does in fact aquire W &Ts Yellow Rose Permian assets.
IF in fact AJAX were to be the mystery buyer.
SO in my opinion, I think AZZ are very sensible in keeping the buyers identity confidential.
ie, if that deal crators, AZZ would not want to be linked in any way.
My 2 bobs worth and my thoughts only, which may be totally irrelevant.
Cheers IFINO
AZZ Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
