If MinRes or Gina or Mitsui wanted to make a play for Stx and Tpd in my view the best way is to let Stx take it over without competition.And then move on Stx.
Those t/o merchants all learnt a lesson with Wgo.
They should have let Stx succeed and then move on Stx.
All they achieved by competing for wgo was to leave Stx financially strong with $100m and a significantly higher SP.If they'd let Stx succeed then Stx would now be financially vulnerable.
Stuart played it brilliantly-maybe by accident/chance or planning.Whatever we /stx benefited.
I still think that after flow testing-assuming success -then the t/o will come.
MinRes can't move until flow testing-not after the debacle of the last Nwe well.
Ann: South Erregulla Update, page-168
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