"20 cents sounds like a nice figure."
Newregime,you'd have to think a "low ball" offer is always an option with OBL,in relation to its Canning permits alone,though perhaps the 7 group has opened up two fronts on which OBL should be re-rated,with 7 looking to acquire the Lontom assets from nxs .
I'm not sure the potential royalty payments would/will be the tipping point for such action however.
Given the failure of bru's last well due to the nonconformity of the formation,perhaps the catalyst for a takeover could be as mundane as the shear need for more acreage.
More acreage = greater chance of successful wells.
I do like you thought process though newregime.
Surely a low ball offer now,would be the cheaper option than waiting for later,where the cost would be significantly higher.
Raider
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