how much independent reserves left

I cannot help but wonder, as we see Arrow now in discussions on selling down an interest in its CSG assets, at the increasing significance of the available new fields and prospective ground.

One doesn't have to do much homework (look at latest BOW presentation) to see that BOW has a grip of some extremely valuable assets that are still nowhere near recognised in its share price. Those like Arrow, and remember that Bow's Ron Prefontaine is ex-Arrow and one of the founders of the industry, are going to be consolidated soon enough. And what we are seeing is an increasing valuation being put on these assets as the scramble to acquire them in advance of the escalation of global seaborne LNG trade price.

Those that are prepared to sit and wait even a little while longer are going to reap the benefits. BOW's reserves certification activities at Don Juan and further exploration will provide robust returns for shareholders this year and next IMO.

regards
DF