Druidic. As for the possible T/O i dont think this is on the cards yet. The big boys would like to see 3D first to give them more confidence in the find before attempting a take over.
But in saying that anything is possible. If they were trying for a T/O i would expect an offer around the 20 c mark. 200 mil is small change for some of the bigger boys with an upside potential for billions. Not a bad risk i think but i dont think they will attempt that just yet.
Cheers
Bowser
whl energy to focus on oil and gas assets, page-14
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