bow takeover, page-15

on the face of it, STO is offering 50c/gj of 3P, and Arrow is offering 19c/gj of 3P.

i reckon that STO will point to the BOW metric to help justify their 50c offer, and when and IF ESG upgrades their reserves figure, STO will still be able to argue that the lower $/gj of 3P is generous compared to the 19c offered to BOW s/h.

WE talk about BG options - just maybe having STO jump ESG, and SHell group jump at BOW, just maybe that will be the catalyst to cause BG to have a go at either ESG or BOW?

remeber, BG was not frightened off Pure, just because Arrow had 30% ! (think it was 30%?).