Ann: Euroz Hartleys Quarterly Energy Series, page-45

That is a fair point HC. A bid will definitely trigger a rerate regardless of its outcome. It may even put it on the radar of other potential suitors and create a bidding war. If a bid fully reflects the value of our reserves and contingent resource, plus some of the potentials from Haber, it may be tempting

42mn shares is not a lot relative to the total no of outstanding shares, so I wouldn't go as far as saying a bid will create a short squeeze. But relative to the typical depth and volume, covering them will definitely create significant upward pressure on the price.

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