MIN don't need to create an O&G company, they already have one in Energy Resources Limited (and there is a whole sad back story on how they came to own that 100%). But yeah, I have always thought and said here a few times, I think the logical choice for MIN is to spin off ERL and acquire NWE in the process while including a long-term gas supply deal. But to get full value in a spin-off of ERL they need flow testing results and 2D seismic....
MIN don't need to create an O&G company, they already have one...
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