Yep, glad that rather pointless exchange is over.
Now, where were we before? Ah yes, Beach's future in the PB.
Aside from the near-term shenanigans and posturing, today's pronouncements strongly suggest that there will be a significant consolidation in PB acreage. Cashed-up Beach have moved on WGO, but I expect that other entities will come under scrutiny over the next couple of years, particularly if production potential is realised. The likes of Mitsui may not be front of stage, but will be running the ruler over multiple opportunities. Those that are struggling to fund prime acreage will be vulnerable. This is reminiscent of the 70's and 80's Cooper Basin consolidation which saw Santos scoop the minors one by one.
Who will be the 'winners' and who will be the 'losers'? (and they're not always the victors and the vanquished!)
mutineer
Yep, glad that rather pointless exchange is over.Now, where were...
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