PES had reserves and good flow rates and AOE had some cash to spend so they bid for PES and lost. So they got a consolation prize in Tipton West which has boosted reserves and used up some cash.
Now with this weeks news it sounds like AOE have unlocked a new resource and are already at the stage of testing flow rates which is ahead of where BOW is. Hence I would expect AOE is ahead of BOW when it comes to booking reserves on new ground. Maybe BOW won't be deemed a necessity by AOE if they can get some good reserves from the FCCM?
AOE Price at posting:
$3.17 Sentiment: LT Buy Disclosure: Held
