green on red day!, page-16

According to my iPhone BOW MC is $312m. Can't see any t/o offer being finalised at less than $500m which is about $1.45 per share.

By early 12 (assuming dry weather) BOW will convert much of their 3C to 2P. They also have "friendly" farmers, low water output, etc.

John dS told me in March that they wanted to finalise cost of gas to them after finalising best well completions before going out to "sell" the gas.

I personally think they won't survive that long. A predator will come knoocking anytime soon.

More than one player would bid for BOW. I think LNG would be behind Shell and Conoco. Both need plenty of gas that they don't have.

I'm happy to await the action that might just not be all that far off.

BOW could exist as a pure oil play.