Re what to expect from a BOW announcement, see relevant...

Re what to expect from a BOW announcement, see relevant assessment at: http://www.pennenergy.com/index/articles/newsdisplay/1484510654.html
The article states that BMI Asia Pacific Oil and Gas Insights expect the proposed Arrow takeover bid for Bow Energy to be successful, but that the initial offer is likely to be raised in negotiations.
The article notes that PetroChina and Shell have seemed content to lag behind their Gladstone CBM-to-LNG competitors. Whereas Britain's BG Group and Australia's Santos were racing ahead with their respective projects, both of which have already seen final investment decisions), the Arrow LNG JV had been slow to get off the ground. Uncertainty over gas reserves was one of the factors that has slowed the Arrow project down, so a successful acquisition of Bow energy would be a major step for them towards taking a final investment decision, which was planned for Q412.