Hi MorebullInteresting post, you are right of course we are a...

Hi Morebull

Interesting post, you are right of course we are a minnow and a cheeky takeover would be of great concern to SG , some shareholders and all option holders.

I often wonder why it hasnt happened the only reasons I can think of is

1: Legal issues. wouldnt it be ironic if they were holding up any potential predators

2: Our acreage isnt huge by there standards and largely unproved

3: They have enough on there hands already

4: Being an Aussie company

I doubt if any of the above would hold up a bid.

We are certainly in a weak position with our shareholder base and market cap a bid of 4 to 6 cents would likely secure a large percentage of the Company.

But of course that leaves the Question of who would do a joint venture with us if most contenders could buy us out with petty cash.

Despite the value that some companys seem to present it amazes me how little takeovers happen and I certainly hope it doesnt.

One thing that does give me comfort is that there are over 1500 operators in the Permian so they may be spoiled for choice.

Cheers Whisky