From the article alerted by healyn..... It is understood DBP,...

From the article alerted by healyn.....

It is understood DBP, which operates the 1600km trunk that links the Carnarvon Basin gas fields with consumers in Perth and the South West, has teamed with Perth Basin operator Empire Oil & Gas (EGO) to consider a bid for the Origin assets, headlined by a half-share in the Waitsia field.


In a major boost to their ambitions, Mineral Resources, the $1.7 billion mining group that has become EGO’s biggest investor, is thought to be supportive of a tilt at the gas assets.


The MinRes support is important because EGO has limited balance sheet strength to contribute a deal expected to be in the $100 million to $150 million range.


My question for the more knowledgeable......

If this comes off doesn't it immediately increase the value of Empire Oil and Gas?
This in turn should increase the cost of a takeover shouldn't it?
Just wondering why a couple of major players would engage a minor and contribute
to an increase in it's value and then snaffle it up at a cost to themselves?