Looking at thread db76 on 26/7/11 @ 16.21 rightfully explains a...

Looking at thread db76 on 26/7/11 @ 16.21 rightfully explains a ratio of 3P to 2P relevant to T/O situations. If you were to apply the ratio of the most recent proposed sale of ESG @ 1.84 3P to 2P and assume BOW achieve 1250 2P & 6200 3P = a ratio of 4.96. If BOW's 6200 3P x .50c = $8.88 T/O sp divided by ESG ratio as to BOW's ratio = 2.70 times ie $8.88 divided by 2.70 = $3.29. Maybe end result $3.50?????????????????? but I still believe it will be a bit fatter than that. My guesstimate only.