AEL 2.94% 17.5¢ amplitude energy limited

XOM and WDS selling Bass Strait Assets

  1. 1,464 Posts.
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    XOM and WDS (BHP) have both flagged selling Bass Strait Assets.
    The obvious question, what is COE's intention.
    Most likely several buyers (e.g., COE, BPT, Mitsui, etc) take a stake, possibly as one or more JVs.
    Can COE process additional gas through their plant?
    Can Longford easily accommodate more gas?

    My guess, and it is only a guess/initial thought bubble, is a (bigger) stake in the Bass Strait fields would have played a large part in the thinking behind the gas plant acquisition and capital raise.

    I am interested in the thoughts of others.
    For example, Suitors, possible JV composition, need to raise more capital to fund acquisition of some WDS/XOM assets.
 
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16.5¢ 17.5¢ 16.5¢ $169.1K 988.2K

Buyers (Bids)

No. Vol. Price($)
2 95000 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 408831 6
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