implications of aoe offer, page-2

This offer by Shell and Petrochina is a concrete " non binding" indication that, despite some journo's poo pooing CSG, it is indeed alive and well.

QGC/BG is actively proving up the BG/VPE permits and if successful it will be worth over $1.00 per share to VPE holders. Whether VPE get a bid from BG or not, that's its value. And dont discount a bid for VPE's CSG assets from another Asian party. We all know what happened to AJLucas's 15% sshare of a permit that was shared by BG ( 85% ).It went to Toyato Tsusho.

It all takes time but I am betting the energy is there.

And we shouldnt forget that VPE's oil assets are getting better all the time.