Its not out of the question that the bidder might increase their bid,if the bid was somehow blocked.There might be a cent or more in it.I say only a cent as the bidder is obviously here for a cheap buy..the Galoc field is providing about $26m of cash flow net of the operating costs per quarter now,so the Galoc field will pay for the acquisition cost of $100m in a years time.Not to mention how hard it is to obtain so many exploration permits in an area that already has large producing wells.There might be hope yet.
Ann: Response to ASX Aware letter, page-11
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85.3¢ |
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Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
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