Ann: Arrow Accepts BG Offer for Pure Energy , page-7

re: Ann: AOE: Arrow Accepts BG Offer for Pure... EL,

Putting my feet up and watching it all pan out. Should be interesting. I think it was Nick Davies who said in Dec last year that CSG had seen all the consolidation that it was going to see. With some mega deals yet to be done, it looks like we are only about half way there.

Keep an eye out for CNX coming in from the UCG corner and playing a part in all this CSG business. BOW have a rocket under them and everyone is speculating that ESG is going to get steam rolled any second.

WCL seams to be advancing their plans well and VPE have been very quiet, yet still managed to double their sp in the last two months. VPE and WCL seam to be the weakest to me as their resource prospects are limited to small slices (in some albeit prospective tenements), but they are already joined at the hip with BG for future development. Why would BG want to T/O these guys when they require large reserves proved up. No rush on either of these stocks imo.

BUL are still chugging along by themselves and have been talking about a partner now for a few months. They have been very quiet on their drill results.

I think of any deal that AOE or BG would have come up with except for maybe a gentlemens agreeement on AOEs next takeover target; where BG stand aside and let it happen? BPT keep getting flogged over on the AOE thread as the obvious choice for AOE???

SF

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