BOW 0.00% $1.52 bow energy limited

Morning Bowist,Bow believe they have 7,000PJ of extractable gas...

  1. 321 Posts.
    Morning Bowist,

    Bow believe they have 7,000PJ of extractable gas & that's no great secret.

    Arrow would know this hence its lowball offer to try buy while reserves are relatively low compared to a couple of $bil+ when potential is reached.

    As Yaq pointed out in previous post, there are factures that effect 'New T/O Metrics', but Bow's neighbourhood makes for a seperate equation if you want to buy us.

    IMO, the next 12 months are most important for Bow to increase reserves that will offer shareholders just deserves that a T/O offer should reflect in its true worth.

    I believe Bow's Board have a far higher value on 3P which has been previously printed in bold comparing us with another recent CSG aquistion where 60c/3p was the mulitple. Also, a phone call I had with Bow left me reading between the lines very clearly that 60-70c was the line of thinking.

    Shell/Petro China are the big end of town but we should thank them very nicely for their offer but say no thanks not quite yet!

    Abalone


 
watchlist Created with Sketch. Add BOW (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.