not surprising at all SP.I honestly don't understand the issue...

not surprising at all SP.

I honestly don't understand the issue the market has with Arc.

If you look at what Wandoo has done for Arc financially and the exploration potential that came with it, the offshore discoveries that Arc are planning on developing aggressively and the Anzon merger and what that will do, it really has me stumped.

I guess we can't expect any price premium for the Anzon merger as it seems far from a done deal, but the rest of the equation looks great to me.

If the merger does go ahead, i expect a great re-rating.

As far as the Anzon thread on here goes, you won't find much of anything on there, don't really know what that may suggest.