If AJL can get $200m+ for their share of the Goucester basin, then MPO should be up for around $85m for their 30%. If their remaining non-core assets are also sold, MPO should be looking at receiving cash of around $100m - not bad for a co. presently capitalised at around $125m. Effectively means opportunities in Canada, SA and Qld are free carried. Surely that will kick the sp along?
And does anyone know why today feels like a Friday?
I am not an analyst - DYOR
MPO Price at posting:
63.3¢ Sentiment: Buy Disclosure: Held