cat lady,that is a horribly incorrect statement.stefanis is...

cat lady,

that is a horribly incorrect statement.

stefanis is right. It's the holders expectation that will be the only thing let down here. Posters are regularly jumping on here and pontifcating results in the $3+ per share range when they clearly have absolutely NO IDEA what they are rating.

This is an all cash offer. I would expect to see a revised offer.

A bidding war would definitely push us higher - and BG is the most likely candidate for that. Remember, BG also has 10.5mtpa worth of QCLNG contracts, from an two train 8.5mtpa capacity with which to supply them. An offer from them is definitely on the cards.

BG is already considering their options for additional 3rd party supply and a key supply area being swept away from a lot of their Bown acreage would be pretty unsat.

The PES takeover was mostly about the Surat acreage. BOW simply doesnt have the highly profitable seams that PES had. This takeover is about location and leverage from existing infrastructure and supply. The CS Energy pipeline will run right past BOWs acreage and effectively cost them nothing to pick BOWs gas along the way.


The real question that BOW holders must ask themselves... IS WHY NOW?

If Shell/Petro went out to the media just a few months ago and said they will not use the gas for years yet...why are the same guys now rushing in to buy up BOW?

ARE THEY IN A RACE???
:)




Cheers,

SF