RE:RE:RE:RE:RE:RE:Shefu-1 oil Discovery Has substantial Upside Implications
Santos has ~55%, BNG ~30 and Bridgeport ~15% and BNG has ROFR if Santos sells their intrest in ATP 752/pl303. I think the only way beach gets involved is if they are going to take BNG out as well and they will not be able to do that unless BNG wants it to happen (which i suspect they wont).
Beach has already sold a bunch of their operated Queensland oil assets, so getting involved at Cuisineir would be inconsistent with their strategy of optimising their core in the Cooper Basin (western flank). I believe they are in the process of selling their non operated Queensland assets as well.
Hopefully Bengal finds a way to operate cuisinier without dillution .....that would get the markets attention...... do it with debt.....really swing for the fences!!