Could we be a takeover target.?

I looked back at various info and found the GMP Securities update valuing OEL at 20 cents.
Reference was made to other companies that have gone.
Follows in part;

Deal highlights core value of $0.11/sh, puts OEL in play
The key outcome from the transaction is to highlight see-through value of $0.11/sh, with a cash
return of $0.06/sh and the balance to be utilized to leverage growth, via its early stage ventures
in east Africa. While the remaining balance of the cash will be held to fund the forward 2-year
program, OEL will continue to target early stage ventures by funding initial exploration but farmout/
de-risk for drilling. The deal highlights core value of $0.11/sh, above its previous close of 8.c
cents which factors in no value for its 93% interest in SC55 or its 2 highly prospective blocks in
Tanzania. We believe that the deal puts OEL in play as a corporate target, given this value
benchmark, the need for shareholders to assess and approve the transaction, the length timeline
for completion through to the end of 2014 and the market appetite for Asian oil assets as
evidence by the recent ROC and NDO acquisitions.
Today’s announcement follows on from a number of recent transactions targeting Asian based oil
production, including both HZN and Fosun’s off-market bid for ROC; and BCP Energy
International’s bid for OEL’s JV partner NDO. The BCP bid of 5.5cents per share translates to
A$113m, primarily for NDO’s 23% stake in Galoc and additional exploration assets in the
Philippines and in Indonesia. These deals highlights an increased level of interest quality Asian
based production assets and we believe that an alternate bid for Galoc or for OEL at an increased
price is a real possibility.

So that is in the past.
We do have a alternative offer.
We do have a partial farmin for Hawkeye which is a minimum cost well at a drill ,test an plug and abandon.
The cash in bank on the 20th of this month January 2015 will be more than 11cents a share .
Kufpec still could be a contender for a takeover iMO.
With 3 high potential wells to reveil what we do or don't have to be drilled within a 9 month approx. period and fully funded to do so
must be a attractive risk reward consideration for some.
As always time will tell. After Mathews lie detector starts spinning.
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