I happened across this clip from Business Spectator (BS) of 10...

I happened across this clip from Business Spectator (BS) of 10 March which is of interest to BOW investors in light of curent BOW SP moves: http://www.businessspectator.com.au/bs.nsf/Article/BREAKFAST-DEALS-A-bigger-NAB-raising-pd20100310-3DT45?OpenDocument.
BS asked whether AGL Energy would become involved in the recent coal seam gas consolidation palaver, noting that Credit Suisse had flagged the energy company could sell its 50 per cent stake in the Morandah coal seam gas project in Queensland to joint venture partners Arrow Energy and Royal Dutch Shell, should Arrow end up being taken over by Shell and PetroChina.
BS reported that Bloomberg had said that Sanford C. Bernstein & Co. analyst Neil Beveridge reckoned that Arrow might end up with a sweetened proposal, tipping that Shell and PetroChina could boost their $4.45 per share offer for the companys local assets to $5.30, taking the value of the bid to $3.9 billion. BS also noted that the managing director of Eastern Star Gas, David Casey, had told Bloomberg that the coal seam gas company was open to discussions, while Hartleys analyst David Wall had nominated South Australian oil and gas group Santos and Queensland-focused Bow Energy as other potential targets for consolidation.
It seems BOW is in the front seat where consolidation is concerned!