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clock Created with Sketch. 11/08/24
06:24
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Originally posted by godzilla888
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Prediction Its kind of obvious the strategy - and the granted ROFR on the RAF DEEP farm-out is the clue ROFR could work two ways - eg nobody bids as wouldnt win anyway or huge deal to blow them away. Ideal is two deals - one for RAF and one for regional exploration (seismic and wells) Primary strategy is for Sabre to confirm the basin as significant O&G play and then BPT moves to acquire maximum equity once mega resource potential is confirmed. So see Sabre as test case - eg grab shallow oil rights, then participate in / fund deep gas and deep gas exploration - prove the concept and grab 50% of play. BPT only gets involved after RAF appraisal and swoops to clean up the other 50% >> minorities eg the whiners Not a terrible outcome if we get 2H shares prior and the bid ratio is good (eg at least 1:1). Tom installed as MD/CEO of new company called…. SUBARU Question is will other players sit idly by, while ACE/SABRE/BPT clean up???
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Baise-moi, is the ROFR worth the paper it’s written on? Surely highest bid wins and Sabre merely have a right to match the Japs or join them in a multi-party party?
