Ann: Warrego/Beach Energy Scheme Update, page-108

The 10% premium that WGO is currently trading at above the BPT offer is a "just in case" or "live in hope" premium.

If there were any serious counters or suitors out there the whisper machine or rumour mill would be in overdrive and the price would be north of 25 cents.

As stated BPT are in the box seat. They have a good bid which can be increased, the expertise and infrastructure in place. Other than another larger player the cost base for taking over WGO for most and more than likely STX, even with synergies, would be too high.

Cheers
BW