if you can believe the media, this move to put BOW in play...

if you can believe the media, this move to put BOW in play delivers to BOW s/h a multiple of scenarios.

usually, in a t/o its just an issue of which predator offers the greatest amount of cash/shares will win the day.
A happy enough situation.

But according to the press, BOW has another leg to the scenario.
And that is the very real possibility of a farminee, or equity taker, or a take-off agreement - or a combination of all three.

So whilst we may well get a couple of the big boys lobbing bids at BOW, we have the added possibility of a LNG buyer underwriting a GSA, and taking equity in the coy and/or farming into the acreage.

SO we could have a situation whereby BOW is offered a big, big price by a farminee, such that it provides BOW with enough cash for BOW to fund its share of upstream development, and we still get to keep a majority share of the asset.

With abid equivalent of only 19c/gj of 3P, it would not be hard to find an offtake partner willing to pay a higher price to put its foot on such a potentially large resource.

all this will start to move when we get some sort of definitive response from the Board.

Have patience is the key.

cheers