bow takeover, page-14

SF,

A 60% Reserves upgrade is a still a 60% Reserves upgrade, no matter where it comes from, right? Good on the board for using the tools at their disposal to get the Reserves position up. Certain other boards I can think of might have done well to take a leaf from that book.

As for why now, both Santos and Shell are equally gas-deficient, and both have existing interests either in or adjacent to the takeovers.

BG doesn't, but they HAVE just jumped into a shale gas play which might explain where they are hoping to get Train 3 from.

I can understand BOW holders are still a bit disappointed with the price but I think they've still comfortably bested the ESG holders.