BOW has large tenements riddled with thick coal beds rich with gas. CSG requires hundreds and even thousands of wells to be drilled and completed in order to produce commercial quantities. BOW doesn't have sufficient capital so a JV or takeover is a likely outcome. We know BOW intends to upgrade CSG reserves asap.... so as to prevent a ESG. 3 LNG plants are due to be commissioned in 2014/15. They are extremely expensive and require large supplies to justify the massive capex. My query is: Who could/would do a JV or TO with BOW?
Any suggestions?
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