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.
XOM and WDS selling Bass Strait Assets
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Last
22.0¢ |
Change
0.015(7.32%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $1.335M | 6.164M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 336176 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 999158 | 12 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| COE (ASX) Chart |