re: Ann: Encouraging Results in First Canaway... Money now or money later? BOW has $6m as of last quarter, they can JV with a partner with cash, do a capital raising (dilution) or they sell themselves. Drilling and certing CSG from all accounts is expensive, consolidation will have to occur to get the economies of scale, once BOW has proved up XXXXGJ's and depending on how many, we can quickly get an idea of how much its worth based on other takeovers happening.
My pick is BOW to get brought back by AOE/Shell, when it was spun off to explore for oil, CSG wasn't a big a story as it is now.
Mr D holds.
re: Ann: Encouraging Results in First Canaway... Money now or...
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