Divesting acreage was a condition of Lone Star's offer- they knew it was coming & they did their research (see link below). They knew it was coming well before we did and would have factored in a consequent reduction in the resource. Whilst surprising for some, it would have been anticipated and known by LS. It's all going to plan for them - the extra 8 years is the upside which makes it all worth it. Knee jerk reactions today are just panicky nervous nellies or margin calls. Bring on September. https://www.google.com.au/amp/s/amp.smh.com.au/business/companies/sino-gas-fulfills-major-condition-of-lone-star-s-530m-offer-20180612-p4zkyr.html
SEH Price at posting:
21.3¢ Sentiment: Hold Disclosure: Held
