new offer likely, page-25

Jake,

Remember that if they offer NHC $x ps, then when they bid they much offer everyone at least that much. Thems the rules.

Stefanis,

I understand if you'd bought AOE as a trade. Even so I'd have said the odds were on getting a much better trade exit in a lttle while, with relatively little downside risk in the next few weeks.

It does however depend as to your level of conviction in the AOE and the csg stories.

I don't think STO will bid, unless it is a script offer, as they would need to fund even more LNG development AND the offer, in order to extract sufficient value. BG is a likely. ORG might, WPL/Voelte might, BHP also could. Then theres a host of foreigners.

As for ST profits, a lot depends both on how you are structured tax wise, and on what type of market animal you are.

EL