yes I wonder about this as well, when talking to the company they only talk potential and laughed when pressed for a more definative estimate. However AGL must have more concrete estimates or perhaps see it as a cheap punt on the back ground of close gas pipeline, oil production and close conventional gas reserves for wider production activites.
When you look at the bargain AGL got with just the share of oil its pretty much and no brainer for them - 50% for $15 million (forget about the $10M CSG as the company wasn't ever valued for CSG) - what is that the equvalent of $0.1875 a share? and they don't even have to make a take over offer.
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