If a TO materialises out of nowhere then it would be unfortunate we still haven't reached desorption pressure at the Cooper!
My preferences in order regarding the topic of TOs:
1) No TOs, we grow organically ourselves through good exploration, and eventually production and possible acquisitions.
2) A good full valued TO AFTER we get 2C's from both WE and the Cooper deep CSG
3) A good full valued TO prior to JAWS commerciality announcement and 2Cs which tries to extrapolate the value of JAWS into the equation and not just WE's value.
Anything else is hostile opportunistic and should be opposed!
Perth Basin is the giant that is no longer sleeping, page-18
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