bow's money plot

IMO;

The Comet and Norwich Park blocks are the ones which AOE/BG would be most interested in.
-100% ownership is attractive
-location in respects to gladstone/competitors tenements.
-high reserves from surrounding acreage.


I dont know whether they would be interested in Canaway considering location, infrastructure

And i highly doubt any potential suitor is going to make a t/o offer without verified reserves on these 2 blocks.- so the reserves come in MAY/JUNE 2009, and these are only 3P, saying that it would be hard for a board to justify a t/o based on 3P reserves alone.

will we see a t/o tommorrow? i highly doubt it, great land.. but think - can AOE/BG justify a t/o premium on land alone, history says no. maybe a JV though

BOW AND WCL are definitely the ones to look out for in the future, but to think that BG/AOE are just going to throw money at us due to PES is a remote possibility.

I see WCL the most likely pick-up as the reserves should come out sooner [although you never know] and the land is vastly similar to the location of Comet/Norwich.

WCL;37mil
BOW;66mil

I see great things from BOW, but maybe a few extra months away.
take from my comments what you will,

my 2cents

I hold: wcl,pes