three, page-5

"20 cents sounds like a nice figure."

Newregime,you'd have to think a "low ball" offer is always an option with OBL,in relation to its Canning permits alone,though perhaps the 7 group has opened up two fronts on which OBL should be re-rated,with 7 looking to acquire the Lontom assets from nxs .

I'm not sure the potential royalty payments would/will be the tipping point for such action however.

Given the failure of bru's last well due to the nonconformity of the formation,perhaps the catalyst for a takeover could be as mundane as the shear need for more acreage.

More acreage = greater chance of successful wells.

I do like you thought process though newregime.

Surely a low ball offer now,would be the cheaper option than waiting for later,where the cost would be significantly higher.

Raider