MAY 2.17% 2.4¢ melbana energy limited

8 Trading days until Beehive drill / drop extension expiry.8...

  1. 623 Posts.
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    8 Trading days until Beehive drill / drop extension expiry.
    8 possible outcomes that I can see.

    1/ Total / Santos keep 40% equity and both commit to drill , Santos as Operator
    2/ Total / Santos keep 40% equity and both commit to drill , Total as Operator
    3/ Total lowers equity but remains partner , Santos increases , Santos as Operator
    4/ Santos lowers equity but remains partner , Total increases , Total as Operator.
    5/ Total drops out, Santos commits as operator but wishes to look for potential new partner ( Inpex , ENI ? )
    6/ Santos drops out, Total commits as operator but wishes to look for potential new partner (Inpex , ENI ? )
    7/ Total / Santos both drop out , 100% back to MAY, back to new partnering discussions ( Inpex ,ENI ? )
    8/ Further extension requested.

    I think at least 6 scenarios are strong contenders.
    If however, I was to pick one, I will go completely curveball and go with 2 , I think Total are looking for a statement in this area , IMO.....
    I think least likely is 8 again IMO.




 
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