Anachronist also left out "preliminary" in Arrow's statement.
He also fails to mention that BOW have stated numerous times that they have had very strong interest for an offtake from large international players currently not involved in the QLD CSG game.
...and of course we know there is a shortage of gas for the 3rd train of a number of projects.
Yes, we too know what he mischieviously wrote about not knowing of another bidder. No other bid has been made after all.
But there aren't many opportunities like BOW in QLD. It is a rather unique asset to get a hold of.
So put away your "selling your house" analogies. We are a little more sophisticated than that around here. We know that BOW is worth much more than the current bid. Management know this too because they have previously spurned offtake agreements of higher value than 16 cents per Gj.
BOW is an oaktree. Go shake something else.
BOW Price at posting:
$1.52 Sentiment: Buy Disclosure: Held