I can also see the logic of what you are saying.
I tend more towards thinking Gina and Chris already had a joint plan in place to takeover WGO and STX respectively (see also STX’s ABN appearing on the NWE takeover documents).
Strike’s bid for WGO, followed by Beach (who quickly tapped out) forced Gina, who is cash risk, to make a last minute bid to preserve these plans.
Also, remember exports were off the table when Gina made her bid for WGO. And how was she ever going to provide gas for her own domestic purposes without an operated position? She was always going to have to rely on STX, or on MIN taking over STX to ‘unstrand’ her new gas assets.
I also wonder if the TPD takeover also fended off another bid in the last few months, giving STX time to drill SE2 and 3.
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