big thanks to management, page-9

My thoughts,
1. DO NOT SELL.
2. All prospective Suitors have now had one month to get access to all the BOW info they need to assess their worth.
3. All prospective Suitors now have until mid January to put in a counter offer.
4. All option holders have plenty of time to exercise or await another offer.
5.Page one of the BOW statement mentions the following bullet point not once but FOUR times:

"The Board of BOW unanimously recommends that BOW shareholders vote in favour of the scheme in the absence of a superior proposal, and subject to the Independent Expert stating that in its opinion, the Scheme is in the best interests of BOW Energy Shareholders"

This statement FOUR times on page ONE. That says it all to me.

6. The offer also contains significant detail as to what procedures must be taken should another bid be forthcoming. This to me is another sign that another offer is expected.

7. Recently BOW was at pains to show how undervalued at 98 cents they were. This price implied at Gj rate of 9 cents. At $1.52 this represents a price of 14 cents a Gj. Well under 50 cents/Gj which BOW should command.

The world is in deep s..t due to the actions of those 2 dipsticks Bush and Greenspan who managed to create a $700 trillion housing derivative bubble. ( what's more Greenspan openly admitted he didn't know what a derivative was...I digress.) There will be a lot of frightened nellies out there with good reason to fear an economic meltdown but whilst we cannot afford $100 oil we can afford $50 gas. There is a huge transition to gas now being put in place. Have a look at the latest Bloomberg LNG report which brings in several factors such as the closure of many nuclear power generating plants.

The Golden Age of Gas is upon us.

Detroit don't produce Detoit Diesels anymore. They are producing Detroit CNG trucks supported by a $1 billion ininiative by Chesapeake energy to invest in a USA CNG truck refuelling network. Add on numerous other reasons e.g climate change, we are looking at a huge demand for gas.

Add to that is that the Middle East is in TurmOIL. The Saudi's are ruling by brute force. Sooner or later we are going to have a world energy crisis on our hands. When that happens we will all appreciate just how valuable Australian CSG and Shale gas will be. ...More trouble in Bahrain last weekend...and Yemen.

Sorry to rumble on... but I ain't selling . JHMO