easy safe 2 dollars

Here is BOW's stated aim for this year from a recent announcement.

"In addition to the farmin work program, the post farmin joint venture Phase 1 planned drilling
programs consist of a minimum of three additional core holes and eight production wells for this year
with the target reserves certification of up to 200 PJ for the Project by the end of 2008."

Recent take over offers value 200 PJ at $310m.

This is $2.00 per share.

Add to that any prospective oil plays and the value of BOW's highly prospective acreage.

You would have to be nuts not to hold a few BOW.