this is the catalyst for shell divestment, page-12

Thanks HT1

The deal has certainly de-risked WPL. One can expect a re-rating rather shortly.

Yes, Karratha looks more likely, but we will have to wait for the number crunchers to go through it. The WA Govt. would like it at JPP so as to get a lot of free infrastructure in the north. No matter, we will find out next year.

As you said, considerable cash injection along with contract sale of gas. Add in Pluto 1 and North Rankin B early next year, I am very pleased regarding the balance sheet.

Pretty much a game changer for WPL IMO. It also adds considerable weight to easily funding a Pluto 2.

One can expect some profit taking, but IMO we should see more SP growth, now a rather undervalued stock at this point.