Bass Strait
Bass Strait will be sold at very attractive prices due to ESG-driven repositioning by majors.
Sale price is likely to be very cheap valuation based on a relatively low gas price, plus contingency payments based on gas price for several years.
So it will likely be a relatively very profitable, low risk entry to significant assets.
There are a lot of assets on the market for majors repositioning, so it will be on the cheap side.
The question is whether COE get a piece of the action.
I suspect that thy will, or at lesat be trying to get a piece,
New CFODan Young was recently appointed CFO. A good operator.
Is it possible that Maxwell will retire shortly - he must be getting long in the tooth?
Dan Young would be the logical replacement IMO.
I suspect that Dan appointment is succession planning - but only guessing (1+1=2 or 3?) .
I suspect Dan Youn appointment was in the context of gas plant acquisition and Bass Strait bid.
That's my take, but I have been wrong many times before.
Time will tell.
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