cooper basin interests to change

I noticed last week that QGC are taking over RPM a 20% holder of interest in the Cooper Basin with ITC and VPE.

It went for 50.9 mill or 20c per share. Onw ould think that ITC have similar value minus the coal seam stuff but 20% more in the oil. I have calculated nothing here - just summizing. Based on this ITC would go for around 11c.

QGC I would assume are only inerested in the Coal seam stuff. I wonder now if QGC will want to offload this interest to either VPE or ITC. VPE one would expect are in the running as QGC are a major holder.

If QGC are also interested in the Western margin stuff could it be that they may have a crack at ITC as well.


Questions......Questions........Questions