show me the money $$$$, page-23

In other news "MergerMarket is reporting that Transerv Energy and Alcoa of Australia are engaged with several parties to divest a portion of their holdings in EP321 and EP407 in the warro gas field.
They may be seeking up to AUD $300 million for these assets according to the article.
It then says that an analyst thinks that the most likely bidders would be small to mid cap entities already present in the Perth basin.

AUD 300 million seems a bit far fetched to me but it would be nice to have this amount of cash roll in!


Australian energy sector update June edition