re: takeover valuations...anyone Going to be a very exciting time for ARQ holders come May onwards.
Plenty of drilling on the way while plenty of time has been spent re-analysing data. A new more capable rig and numurous exciting targets onshore and offshore, particularly in TP/15.
Jingemia will be producing well, Cliff Head coming on soon that will easily offset the natural decline in ARQ's other producing fields.
Gas business booming.
Yemen is on the cards in the future that will present significant upside.
Don't be fooled in thinking nothing is going on in this time of stagnation and lack of news. They are looking closely at quite a few strategic business opportunities that Eric talks about in the latest corporate file interview if anybody cares to read it.
I don't think ARQ are any trouble what so ever right now , the market is just trading them in an assumed significant downgrade in EPS in '07. Highly unlikely that EPS in '07 will be 15cps.
Several brokers have covered ARQ recently with valuations over $1.90. More coverage is due shortly with positive results, BBY is another that has a strong BUY on ARQ.
I am holding through the next exciting phase of drilling.
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