Not true.
They were always going to sell down to a more conventional position, not so normal in the industry to hold more than 50% through the development and production phases.
And not really true that they lose control. They can remain operator even if they don’t remain the largest holder.
I don’t see any surprises. I’d have been very surprised if they decided to only sell 20%. 30 to 40% were imho always the likely range, and it is still open as to what level they sell down.
Whilst decommissioning might cost them a heap more than they’ve expected, it was always a risk they’ve known and in the context of their whole business not such a great deal. The same cost pressures that have driven up those costs have driven the LNG price very high. Swings and merry go rounds.
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Last
19.8¢ |
Change
0.003(1.28%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $244.7K | 1.238M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 128352 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 794402 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 108810 | 0.195 |
23 | 3647603 | 0.190 |
28 | 3608409 | 0.185 |
15 | 1108600 | 0.180 |
12 | 458934 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 795172 | 25 |
0.205 | 446047 | 9 |
0.210 | 645891 | 10 |
0.215 | 175500 | 4 |
0.220 | 664959 | 14 |
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