BG has bought companies with proven reserves in Australia, but the definition of BG below says that they are active explorers as well.
I see many varibles.Takeover, messy takeover, JV etc. All points to a much higher SP.
'BG Group plc (BG Group) is one of the leading players in the global energy market. The group is engaged in the exploration, production, transmission, distribution and supply of natural gas. In addition, BG Group also carries out activities such as exploration and production, transmission of gas through pipeline systems or LNG liquefaction and transport. Further, it is also involved in the creation and distribution of energy through gas fired power generation. The company has operations in 27 countries across five continents.'
takeover target, page-32
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