beach energy, page-111

Judging by their track record, I'd say nothing is beyond belief with the WGO board. I certainly didn't buy WGO because of the board, but purely because the market had priced in such a huge discount presumably based on that very management incompetence (nothing else can explain why it was trading in the low teens).

At the end of the day, it would be great for STX to gain that synergy plus full exposure to EP469. But at worst case, BPT wins control of WGO but we will have operatorship. So we are still in full control of our own destiny. A change of control simply means we have a different set of stakeholders to deal with. At least we will be dealing with a more competent one (not very hard relative to the current mob).

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