Unintended(?) Consequenses7 Aug 2019 00:35
As far as I am aware, the scope of the possible FO has not been defined. The 'received wisdom' is that it concerns our conventional portfolio. However, DW spoke in an interview of the possible range of partners and that only a smaller proportion could encompass designs on both conventional and unconventional. In essence, we have four items in our present portfolio: unconv; conv, Wicks, Yukon. A FO initiative could involve any or all of these. So, here is the issue - we have news in the pipeline for unconv, Yukon and Wicks data review. DW should report in a timely manner any updates in these areas. If he receives data on any of these, presumably, he has to report it to the market. But, if he does, it will define which parts of our portfolio are not in FO discussions due to non disclosure. So, will the non disclosure agreement trump news on our other assets or will ASX requirements lead to possible news which will inform us on scope of FO? VGLA