Ann: Suspension from Quotation, page-54

be odd for it to be blackspur - A$34m cost/cap raising for those assets - and it had plans to go to 5000-10000boepd by 2022 (lol how far off are we on that!!) hard to see it being sold for much of a premium to that price since it's not materially different reserves/perfomance wise to two years ago (sure its doing
maybe 1k boped extra but that's not really going to swing the dial)

Interestingly enough - 2yrs on we are at the same market cap as when the blackspur deal (incl. the cap raise at the time). i'd argue we are a marginalyl better on the blackspur assets (say A$50m value) and materially more de-risked from a montney perspective (2yrs closer to lng canada plus the recent well test). at the very very leastleast we should be with the benefit of the incremental A$20m capital that was raised.

anyway my guess is 25c close post announcement. ($150m mkt cap)