more consolidation

Note that Arrow are having "talks" with BOW to take them over fully for $1.48 per share. No other details yet, but, BOW has been at the top of the "probable" takeover scene for months and not surprising that Arrow has taken this opportunity (opportunistic?) to take advantage of low SP and bad publicity for CSG. It would be worth about $500 million, so reckon the SH of BOW won't be too happy with that. But, at least they are being treated with respect and honesty, unlike that very suss "deal" that the ADE Board has accepted from BPT which has significantly muddied the 218, 855 waters.

But, it does go to show that the inevitable consolidation of the CSG "industry" is still moving at pace. Be very interesting to see if this will "stimulate" some action from overseas interests.

Emphasises the "value" of drilling results, as BOW was just a 20 cent "punt" and only half the market cap of ICN only a couple of years ago, now, it is possibly considered to be 10 times more "valuable"!!!!!

RJ please note!!!