AGE would have to grow the resources base significantly for BOE to even consider a takeover.
18 mlbs isn't enough and depending on how the contracting goes BOE could be cashed up. As a shareholder i'd hate to see this company pay a premium for a small deposit that wouldn't really add significant valve.
i think anything over 30 mlbs in reserves might be worth it as the deposit is ISR.
they have 10.7 mlbs in indicated so i'm assuming they might concert 8 mlbs of that to reserves.
long story short i'd much rather them spend money on organic growth around honeymoon exploration sites or buy another asset of sufficient scale.
AGE would have to grow the resources base significantly for BOE...
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