Although Arrow holds the largest coalseam gas acreage in Australia, analysts doubt its gas molecules would match up with some of the top numbers paid in 2008. "Arrow's acreage in the Bowen Basin is of lower quality and would be more expensive to extract," said John Young, an energy analyst at Wilson HTM Investment Group. 
Share:  Although <span class="company">Arrow</span> holds the largest coalseam gas acreage in Australia, analysts doubt its gas molecules would match up with some of the top numbers paid in 2008.<span class="sent"> "<span class="company">Arrow</span>'s acreage in the Bowen Basin is of lower quality and would be more expensive to extract," said <span class="analyst">John Young</span>, an energy analyst at Wilson HTM Investment Group.</span> Tweet this 

Although Arrow holds the largest coal seam gas acreage in Australia, analysts doubt its gas molecules would match up with some of the top numbers paid in 2008. "Arrow's acreage in the Bowen Basin is of lower quality and would be more expensive to extract," said John Young, an energy analyst at Wilson HTM Investment Group. 
Share:  Although <span class="company">Arrow</span> holds the largest coal seam gas acreage in Australia, analysts doubt its gas molecules would match up with some of the top numbers paid in 2008.<span class="sent"> "<span class="company">Arrow</span>'s acreage in the Bowen Basin is of lower quality and would be more expensive to extract," said <span class="analyst">John Young</span>, an energy analyst at Wilson HTM Investment Group.</span> Tweet this 

The two companies would need to offer a figure in the high A$5 range to succeed, John Young, an analyst at Wilson HTM Investment Group in Melbourne, said last week. The total Arrow business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". Arrow shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. 
Share:  <span class="sent">The two companies would need to offer a figure in the high A$5 range to succeed, <span class="analyst">John Young</span>, an analyst at Wilson HTM Investment Group in Melbourne, said last week.</span> The total <span class="company">Arrow</span> business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". <span class="company">Arrow</span> shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. Tweet this 

The two companies would need to offer a figure in the high A$5 range to succeed, John Young, an analyst at Wilson HTM Investment Group in Melbourne, said last week. The total Arrow business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". Arrow shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. 
Share:  <span class="sent">The two companies would need to offer a figure in the high A$5 range to succeed, <span class="analyst">John Young</span>, an analyst at Wilson HTM Investment Group in Melbourne, said last week.</span> The total <span class="company">Arrow</span> business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". <span class="company">Arrow</span> shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. Tweet this 

The two companies would need to offer a figure in the high A$5 range to succeed, John Young, an analyst at Wilson HTM Investment Group in Melbourne, said last week. The total Arrow business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". Arrow shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. 
Share:  <span class="sent">The two companies would need to offer a figure in the high A$5 range to succeed, <span class="analyst">John Young</span>, an analyst at Wilson HTM Investment Group in Melbourne, said last week.</span> The total <span class="company">Arrow</span> business, including overseas assets, is worth at least A$5.25 a share, the analyst Williams said by phone. "That would be where we think the ballgame begins.". <span class="company">Arrow</span> shares traded at A$5.28 in Sydney, up 0.6 percent, at 12:00 p.m local time, compared with a gain of 0.2 percent for the benchmark S&P/ASX 200 Index. Tweet this 

Shell and PetroChina would need to offer a figure in the high A$5 range to succeed, John Young, an analyst at Wilson HTM Investment Group in Melbourne, said last week. 
Share:  <span class="sent">Shell and <span class="company">PetroChina</span> would need to offer a figure in the high A$5 range to succeed, <span class="analyst">John Young</span>, an analyst at Wilson HTM Investment Group in Melbourne, said last week.</span> Tweet this 

PERTH: Australia's Arrow Energy is set to reject as too low a US$3bil joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported, a move that could prompt the bidders to return with a higher, hostile bid. A stream of analysts' comments suggesting the offer was too low, coupled with how long it had taken Arrow to assess the offer, had triggered speculation the proposal would be rejected, the Australian Financial Review said yesterday. "My view is that they (Shell/PetroChina) will need to raise their offer to the high US$5–US$6 (per share) range for the deal to go through," said John Young, energy analyst at Wilson HTM Investment Group. Shell and PetroChina last week offered A$4.45 in cash for each Arrow share, plus a share in a new Arrow entity, in a first foray for a Chinese company in Australia's burgeoning coalseam gas sector. 
Share:  PERTH: Australia's <span class="company">Arrow Energy</span> is set to reject as too low a US$3bil joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported, a move that could prompt the bidders to return with a higher, hostile bid. A stream of analysts' comments suggesting the offer was too low, coupled with how long it had taken Arrow to assess the offer, had triggered speculation the proposal would be rejected, the Australian Financial Review said yesterday.<span class="sent"> "My view is that they (Shell/PetroChina) will need to raise their offer to the high US$5–US$6 (per share) range for the deal to go through," said <span class="analyst">John Young</span>, energy analyst at Wilson HTM Investment Group.</span> Shell and PetroChina last week offered A$4.45 in cash for each Arrow share, plus a share in a new Arrow entity, in a first foray for a Chinese company in Australia's burgeoning coalseam gas sector. Tweet this 

A stream of analyst comments and silence on the offer from the Australian coal seam gas group has fuelled expectations that Arrow will reject the bid and the two parties will have to come in with a higher – and hostile – offer. Last week, Shell and PetroChina offered A$4.45 in cash for each Arrow share, plus a share in a new, international Arrow entity. Nik Burns, a Melbourne based analyst at RBS Morgans, said that the companies may have to sweeten their bid to as much as A$5 a share, with John Young, an analyst at Wilson HTM Investment Group, saying that the offer may have to be increased further still. "My view is that they will need to raise their offer to the high A$5 A$6 range for the deal to go through, Mr Wilson said.". Analysts said the offer values Arrow's proven and probable reserves at A$0.88 a gigajoule, much lower than an average A$1.88 a gigajoule for 20 offers in Australia since 2005. 
Share:  A stream of analyst comments and silence on the offer from the Australian coal seam gas group has fuelled expectations that Arrow will reject the bid and the two parties will have to come in with a higher – and hostile – offer. Last week, Shell and <span class="company">PetroChina</span> offered A$4.45 in cash for each Arrow share, plus a share in a new, international Arrow entity.<span class="sent"> Nik Burns, a Melbourne based analyst at RBS Morgans, said that the companies may have to sweeten their bid to as much as A$5 a share, with <span class="analyst">John Young</span>, an analyst at Wilson HTM Investment Group, saying that the offer may have to be increased further still.</span> "My view is that they will need to raise their offer to the high A$5 A$6 range for the deal to go through, Mr Wilson said.". Analysts said the offer values Arrow's proven and probable reserves at A$0.88 a gigajoule, much lower than an average A$1.88 a gigajoule for 20 offers in Australia since 2005. Tweet this 

"A rejection by Arrow could precipitate a formal bid by Shell and PetroChina, which will allow shareholders to make a decision," said John Young, energy analyst at Wilson HTM Investment Group. 
Share:  <span class="sent">"A rejection by Arrow could precipitate a formal bid by Shell and <span class="company">PetroChina</span>, which will allow shareholders to make a decision," said <span class="analyst">John Young</span>, energy analyst at Wilson HTM Investment Group.</span> Tweet this 

"A rejection by Arrow could precipitate a formal bid by Shell and PetroChina, which will allow shareholders to make a decision," said John Young, energy analyst at Wilson HTM Investment Group. 
Share:  <span class="sent">"A rejection by <span class="company">Arrow</span> could precipitate a formal bid by Shell and PetroChina, which will allow shareholders to make a decision," said <span class="analyst">John Young</span>, energy analyst at Wilson HTM Investment Group.</span> Tweet this