Hi Whippet
The BG offer was pre Org's deal with ConocoPhillips. If anyone wanted to takeover ORG now they would have to own 50% of APLNG with CP. The way APLNG is structured CP owns 50% of the reserves etc.
Plus as you mention the rest of ORG's business would presumably need to be sold off. All a bit of a hassle when you have the likes of STO without these complication.
It's not impossible but I do see it as significantly less likely than STO.
If STO did get aquired by a major that would leave ORG (assuming STO wasn't taken over by WPL or BHP) the only ASX listed co with exposure to Queensland CSG. Not a bad position to be in either?
bull-trending on the weeklies - chart, page-13
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Last
$10.39 |
Change
0.240(2.36%) |
Mkt cap ! $17.89B | |||
| Open | High | Low | Value | Volume |
| $10.30 | $10.44 | $10.22 | $29.58M | 2.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30887 | $10.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 23 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ORG (ASX) Chart |