40% of the shares in Bow are held by the top 20 and of these 12% are held by Oilex persuant to their sale of leases to BOW. They have no interest in a takeover.
Ron Prefontaine holds 8%
Arrow Energy 2%
There is a strong close group of private supporters so I can't see any way that a preditor could make a move without forcing up the share price. In effect, someone would need to buy 20 % of the company on market to make a start.
We would notice that happening.ie someone buying 20m shares.
I think we are safe from a hostile takeover and can comfortably watch our share price increase as CSG and oil drilling results come good.
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