Guys, big holder in bow and have always liked them more than esg due to qld location and 100% owned tenements. Was on the cards as the companies have always been close but that price is as bad as the one received from santos. Rain has delayed results for 12 months and the pending upgrade from norwich would have dwarfed the esg upgrade. This has more chance for multiparty than esg had and would expect large premium from here.
Once this goes we are down to 1 large uncontracted - Mel. still lots of gas needed. LNG limited still looking to tie up supply from somewhere. I actually think this will be good for ESG as another offer for BOW in the coming weeks could show the value to sh prior to expert report release.
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