rival bidder?, page-13

Tui,

No, thanks for your input. I wanted to continue to hold both AOE and BOW, however when I see management fold I generally decide it is time to move on. Despite the huge medium term future for gas, it is going to be very tough to smaller companies such as BOW to profit from it, and atm the critical link is not resource but rather infrastructure, hence it is the holders/developers of infrastructure that are going to get the lions share of the rewards of the switch from oil and coal to gas. That's how I see it.

I will be looking for opportunities in gas going forward, so hope to get into discussion with you again. Meantime pulling some funds aside for something associated with the rebuild of Christchurch a good idea too.

Know where to play in shale? Or in vehicular gas?

EL