"thanks mir...curious, if you're happy to share....as a large...

"thanks mir...curious, if you're happy to share....as a large holder in STX what are your thoughts on the 1:1 offer from STX for WGO?"

hi Hesk, i tried reply & it didn't work
i think it's a strategic/necessary move as Gina was looking like picking up a fair chunk of wgo at 28c, wgo in stx's hands becomes more valuable, the old 1+1=3 for many reasons but the main one is it gets re-rated as operated reserves/resource, even the wgo board acknowledged this at their AGM. i don't think there is much of a down side as if Gina ups her bid to 34-35c we will get re-rated anyway & if we get it, as i posted this over 2 years ago
Post #: 43671003
" we can argue the pros & cons till the cows come home but look at it this way, together we would most likely have 4 to 6 TCF of the lowest cost gas in Australia if not the world, which would eclipse beach & mitsui perth basin holdings combined, imagine being in that position. "