stars aligning, page-11

Thanks for the info about AUT 8888.

Just to clarify your numbers a little..

Canadian heavy oil producer Baytex Energy Corp (BTE.TO) has agreed to buy Aurora Oil & Gas Ltd (AUT.AX) for C$2.6 billion ($2.4 billion) including debt, targeting the Australian company's Texas shale oil assets and driving its shares to a 15-month high.

Baytex is offering A$4.10 for each share of the Perth-based oil producer, a 52 percent premium to its average price in the past week, valuing the company at A$1.84 billion ($1.65 billion), Aurora said in a statement.

Baytex said it would pay C$1.8 billion for the shares and assume C$744 million of Aurora's long-term debt.

Thanks acutually very exciting news and some seriously big $$$ being paid for a large shale oil field.



PRL could well be on the way to proving up something similar as we speak.

http://www.reuters.com/article/2014/02/07/us-aurora-acquisition-baytex-idUSBREA1605120140207