Hey guys just wondering, because the metric for CSG takeovers...

Hey guys just wondering, because the metric for CSG takeovers varies greatly, surely the suitor considers the GIP?

ESG 17 tcf http://www.easternstar.com.au/pdf/broker/ESG_180209.pdf

BOW 13.8 tcf http://www.bowenergy.com.au/company.html

Based on these figures, using ESG's offer of $924m as a constant, BOW could expect $740m or $2.11ps. But then you have the proximity of BOW to Gladdy, presumably less water disposal issues, QLD governance - They should be expecting a premium?

Be interested to hear thoughts or other methods of comparing the two.