I'd have thought NXS had little interest in ARQ's asset base, they appear more interested in appraisal/development, where they can identify/realise substantial tangible value.
In particular can't see Yemen or Canning exciting them.
Worth remembering NXS is living off the knowledge and skill-set BHPP left behind in Melbourne when they effectively moved shop to London.
EL
food for thought : merger, page-2
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