My thinking aligns with yours Hardcash. I would believe that the...

My thinking aligns with yours Hardcash.

I would believe that the STX BOD with the help of their brilliant Geologist/Seismilogist have a pretty good idea of how much gas they will be able to convert to 2P and it is a lot more than they have at the present time. I think this is the reason that SN came out with his 80C valuattion - by comparing Hancock's 2P + 2C valuation of WGO with the 2P plus 2C that STX currently has. (I am not sure how many caught on but WGO's 2P/2C ratio is much higher than STX's and P muct be valued at considerably more C). What's moreI think SN was able to give his valuation with a straight face and without even blinking.

I gather from this thread that the current thinking is that MIN may make a bid for STX.. I have no further insight but if it is a script for script bid I wouldn't rate their chance of success as very high. A bid from Min could however bring others into the ring. Who knows?