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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XOM and WDS selling Bass Strait Assets
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $462.0M |
Open | High | Low | Value | Volume |
16.5¢ | 17.5¢ | 16.5¢ | $169.1K | 988.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 95000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 408831 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 95000 | 0.170 |
18 | 666068 | 0.165 |
4 | 396250 | 0.160 |
3 | 98951 | 0.155 |
6 | 581004 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 408831 | 6 |
0.180 | 346027 | 8 |
0.185 | 335171 | 5 |
0.190 | 268083 | 7 |
0.200 | 349395 | 7 |
Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
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