Ann: Montney Contingent and Prospective Resource Update, page-16

a lowball takeover offer?
Yes ...this was my first reaction. It is supported by this sentimemt in the subsequent Blackspur reserves announcement.
We have a significant inventory of locations providing the Company with years of profitable and sustainable growth in cash
flow, reserves, and production.
Were it to materialise - the low ball offer- thereby doing Freeman out of his moonlighting job at Calima the directors have only themselves to blame.