Morning Bowist,Bow believe they have 7,000PJ of extractable gas...

Morning Bowist,

Bow believe they have 7,000PJ of extractable gas & that's no great secret.

Arrow would know this hence its lowball offer to try buy while reserves are relatively low compared to a couple of $bil+ when potential is reached.

As Yaq pointed out in previous post, there are factures that effect 'New T/O Metrics', but Bow's neighbourhood makes for a seperate equation if you want to buy us.

IMO, the next 12 months are most important for Bow to increase reserves that will offer shareholders just deserves that a T/O offer should reflect in its true worth.

I believe Bow's Board have a far higher value on 3P which has been previously printed in bold comparing us with another recent CSG aquistion where 60c/3p was the mulitple. Also, a phone call I had with Bow left me reading between the lines very clearly that 60-70c was the line of thinking.

Shell/Petro China are the big end of town but we should thank them very nicely for their offer but say no thanks not quite yet!

Abalone