operations update, page-19

"but there will very unlikely be any other bidders until BOW recommends an offer."

and it does not necessarily need to be a cash offer.

it could be a better deal - but in the form of a Farm-in, or Equity participation, or some sort of GSA deal.

For example, if an Offtake party has a deal with say BG, to purchase LNG, they could very well be interested in "Hedging" the underlying gas price by buying into the gas production project.
Its a Natural hedge.
The Chinese love to get their hands on the underlying resource.

Just one thought on where a competing deal might come from.

Because we DO know that BOW has been in j/v type of discussions for quite some time.