proves that the NWE bid by MIN is a placing distraction to...

proves that the NWE bid by MIN is a placing distraction to inflate a counter move, while buying and converting WGO, to access STX assets so they get a tolling facility for primary and downstream processing.

this will proportional inflate Gina's equity stake in WGO to above 40%, forcing a premium payment for her. This also gives MIN a blocking stake in STX and access to the board and the processing assets, which would mean that MIN could toll through STX assets with MIN having partial control of it.

If Gina don't want to be out manoeuvred on this she needs to move on NWE fast with a knockout offer to get development control over Lockyer Deep, so as to force a compromise on the gas processing facility on MIN. There is a clause in the JV between MIN and NWE that both parties must agree on development of the asset, otherwise it cannot proceed. Gina will be out in the cold tolling a minority gas share through the only asset available to her under unfriendly terms if she doesn't get control of NWE.
I think CE's comments about the gas price are more about convincing Gina and others not to take a run at NWE for the same price or greater per Gj than currently being offered to WGO, but the real kicker and point of leverage on MIN is the JV agreement with NWE. That is the point that must be targeted by a big player to force a compromise with MIN on the development and operating costs.