Agree.So Greg Columbus took over the Chair at TPD early April....

Agree.
So Greg Columbus took over the Chair at TPD early April. He's no slouch. He knows and gets PB very well.
GC and his mates have now basically taken a controlling interest in PGY at $3m invested on $11m MC.
After the WGO transaction good guy to have around because GC is seriously cashed up after that deal.
Was quite a bit of buying and interest yesterday prior to todays news?
But the BIG Q is why even bother with PGY from the perspective of GC and friends.
Has to be a plan and and some reasoning for getting involved at present with PGY and something they very much like at PGY.
It does get interesting because the relationship in one form of another is there between PGY, TEG and TPD all in plays PB.
GC not yet at TEG but he has positioned himself at PGY and TPD now for good reason.
Will GC and Co end up running PGY? Possibly.
But it is good news regardless GC entering the PGY fray. WGO were interested in the PGY/TEG/CCS proposal prior to TO.
Anyway above is IMHO only as always DYOR.