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kayakbob223

03/22/10 3:16 PM

#206410 RE: bayfisherii #206407


Bay, another China buy.
Shell, PetroChina buy Arrow Energy. Royal Dutch Shell (RDS.A) and PetroChina (PTR) agreed to buy Australia's Arrow Energy for A$3.5B ($3.2B) in cash, a 35% premium to Arrow's stock before deal talks began. Investors will also get shares in a new company holding Arrow’s gas assets in China, Indonesia, India and Vietnam. Arrow's shares fell 2.6% in Australia, reflecting disappointment among investors who had expected a bigger increase from Shell/PetroChina's original A$3.3B offer. Premarket
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gasman48

03/23/10 1:38 PM

#206573 RE: bayfisherii #206407

bay, you alluded to the possibility of a very high offer for the
compay based upon what you have seen. Have you heard anything re potential new reserve numbers?
this delay in disclosing the drilling results, leads me to hopefully believe that the numbers are outstanding and any release now could complicate any deals pending for buyouts or new partners.
maybe i am sipping the kool-aid, but if the numbers were so-so, then there would really be no good reason for delay
tia