Gday Jake, we can make some assumptions about BOW, especially in the norwich park area, which used to be a fair slice of CHXs. I think I posted a few weeks ago that the pilot next to it provides a certain degree of confidence that it can convert up to 500-600PJ of 2P gas. I think BOWS value can be determined by making some reasonable assumptions about their likely 2P reserves, and time of extraction.
The lack of flow data in BlackWater from BOW is very interesting, especially in light of the fact that CS co have now come up with a bid for BOW.
WCL bought the ground next to it after its deep drilling at Parnui. Now Arrow is buying the ground next to it at Norwicjh on the Southern extension of ATP364. Is it all really a mystery?????
I think not!
SF
BOW Price at posting:
$1.55 Sentiment: Buy Disclosure: Held