chwhi1 - My hope for the November AGM is that we will finally know the 1P, 2P and 3P reserves. We can then calculate the asset value. The sale process cannot really start until then. So I would expect an offer in Q1-2009 and all over by end of June.
I could be surprised by the time frame blowing out either end. I suspect that JC will be hanging out for his $3 and worst case would be living on the cash flow and waiting until the US financial crisis blows over.
MAE Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
