My guess is that the results of current drilling will determine if the sale continues.
(ie) if as good as nearby wells, more value to share holders to keep and develop at an accelerated pace.
My research regarding shareholder approval indicates that a meeting can be held as late as the day before the sale is due.
I would hope the results of drilling and flow backs indicate a need to speed up development and generate more value.
Realistically value may be in the order of $500M to $800M
Not that a sale at $300M on 15/1/14 is to be sneezed at.
My thoughts only. DYOR.
Cheers IFINO
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