shell makes $3billion approach for arrow, page-16

buddy
they might get some short term satisfaction by playing the lng ltd's card, but in reality to be able to convert many of their reserves they need a much bigger market than Lng's plant,Braemar and Townsville. ( by the way any recent news on incitec's ammonium nitrate plant? ).

this is where the consolidation theme comes in - as Elliot said in that last paragraph in the post of s412.... -some of these companies may have overestimated their worth. I am sure Shell wouldn't mind arrow, but to suggest it is crucial to a company of Shells size, yet alone its enormous gas reserves and development options would be farcical.

Having said that ,as i said in a previous post, I am sure they would like to get their east coast strategy in order - are they serious or are they not. If they are serious then even shell would like to get some economies of scale or even decent reserves for its so called mooted lng plant ( it will take over or joint venture with one of the other proposed lng plants - assuming it is serious and committed to lng from csg).

Following on from my post of yesterday noting the strength during the day, aoe should have weakened today if nothing was brewing!