WCL 0.00% 39.5¢ westside corporation limited

sleuthing wcl & anglo assets sales

  1. 8,560 Posts.
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    i have not been able to ascertain which assets Anglo have up for sale.
    It appears that they have:
    - CSG fuelled power stations - maybe two (one is Moranbah.
    - csg permits- they have J/v with MPO, plus they have other permits

    I would presume that WCL would not be interested in purchasing the power stations.

    It seems that it is the "Dawson River" assets which are up for sale.

    The MPO Mungi Field J/V interests are approx MPO 50%, Anglo 25% and Mitsui 25%.

    The Mungi Field seems to comprise:
    PL 94
    ATP 564P
    ATP 602.

    ATP 564 is split in two - some is down at Dawson River and near Anglo Dawson coal mine, and the rest is further North.

    The PL94, ATP 602 and Southern part of ATP 564 is next door to Paranui ATP 769P !!!!!!!!!!!
    The Northern section of ATP 564 is almost next door to Tilbrook (ATP 688) !!!!!

    MPO J/V are producing gas from PL 94 - so maybe that would not be of interest of WCL - as that would be costly?

    It makes sense that WCL would be interested in these assets - but if the cost is $100m+ it would be out of reach. But if that price tag includes power stations etc, then the permits might be low enough price for WCL??

    I've got no idea what permits would be worth.

    Someone else might like to have a look at the Dept Mines map and MPO and see what you can come up with.

    Any comments????

    cheers
 
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