Thinking it maybe to potentially purchase another asset?it?s good, it?s boosting their cash (should have around $50m from Petrobas/Apache)?.that will be received well by market.
If one insto gets in, it will have possible contagion and positive price effect; that?s exactly what happened at Karoon before it hit gas. It will make instos look more favourably on the stock if it has multiple assets.
trading halt, page-30
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