take-over approach, page-21

People need to learn to adjust and appreciate new developments or else they will miss stocks getting re-rated never ceases to amaze me how this happens time and time again, people get so fixated on everything negative or the past.

SNE targets the Casteron Shale in the Otway Basin which it believes "is prospective for Casterton Formation shale gas, with a most likely potential gross gas in place in place in the range 14-48 TCF. "

http://www.somertonenergy.com.au/projects.htm

SNE is essentially an exploration company and yet gets a take over offer from COE for $31.5m MONEY TALKS! and COE see's the value

BAS is an exploration company and is capped at $10m and has recieved an informal take approach again what does this tell you? Someone see's the value will they follow through with a formal bid?