Don't look as good as it did based on the original announcement, but it's not over yet.
What is interesting, and further confirms what current holders (including Sentient and QGC) already know is the following extract from QGC qtrly report...
"In 2008, the Company has made two agreed takeover offers, securing control of Sunshine Gas, a Queensland coal
seam gas explorer and developer with more than 30,000sq km of acreage in the Surat and Bowen basins, and Roma
Petroleum. QGC has also acquired a major shareholding in Victoria Petroleum. All three companies are expected to
significantly expand QGC’s existing coal seam gas assets."
Seems only the market is not aware of the value in its CSG asset!
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another possible oil discovery, page-16
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