Ann: Pure Recommends BG Group Takeover Offer , page-25

re: Ann: PES: Pure Recommends BG Group Takeov... entro ,
spot on, - i just posted this on the BOW thread-


i know that this is the BOW thread, but one thing that surprised me was that i thought that the logical buyer for WCL would be BG (QGC at the time).
when i was talking to a WCL director I commented that QGC was the logical buyer.
His reaction was "why" - he thought that Arrow was the more logical buyer as the WCL permits were adjacent to AOE's!
So here again, is the possibility of another bunfight.

The other thing that surprises me, is that I always asumed that each permit would logically only have the one owner. In other words the big boys would carve up the tenements amongst themselves.
But in PES situation, BG came in knowing that Shell/AOE had, what 31%, and that BG could quite easily, get stuck with only say 60% - 70%.
So perhaps the big boys may be prepared to J/V the permits and unitize the reserves?
cheers