u meant Colin Naylor not Chris Hart. All smiles in this team...

u meant Colin Naylor not Chris Hart.

All smiles in this team picture on the website. So in summary, they r happy with the 50% dundeal with an operator new to out shores & Col convinced ECB & Morgan Stanley for the $27m, seems like there could b few out there who know something we dont, hence can't stop smiling like the cheshire cat. A name of their preferred-partner should restore faith amongst holders, IMO & more important 'how much' is it worth.

As I said b4, FIRB approval is reqd for a deal in a local player for an amount over A$219m. So IMHO, that 50% farm-out should b netting MEO over $219m easy, to go thro' this red-tape. FOr more, chk the Santos site on their GDF-Suez deal & associated FIRB.

Here's the link to the FIRB site.