AZZ 0.00% $7.50 antares energy limited

For my 2 bobs worth in the discussions. Worth re reading the...

  1. 784 Posts.
    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 ​
 
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