Hey DT $2.5b is $7 per share not $4, but I think we'd all settle for $4.
I can't believe that people are selling at these prices.
As I said before - there is only one thing Goldman Sachs is being employed for. If they wanted to sell just Hepler they'd go about it in the same way as Oklahoma.
By engaging Goldman Sachs directors are obviously very confident they'll get the stabilised flow rates they are expecting. Time is not on their side, so they are pushing ahead with their agenda. With the elections in November, due diligence taking 2-3 months, winter approaching, Hi gas prices US$13.28 atm, and the stock market uncertainty - why wouldn't they push ahead as quickly as possible. Must admit I thought they'd wait for the IRR before engaging someone like Goldman Sachs.
Having reread many of the asx releases, it's amazing how often that 20mmcf/d gets mentioned. Reserve potential of 750bcf gets well mentioned too
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