Post by
eastup on Mar 09, 2012 10:42am
Affairs
My guess is Bowood doesn't have the capital to drill wells with Legacy and Legacy is likely annoyed. They, of course, could buy Bowood out and I would speculate Bowood wants this. However, perhaps Legacy wants stable well results to evaluate whether they want Bowood's land enough to buy them out. In the meantime, I would guess Bowood is becomming impatient, hence their press release that was described by the Calgary Herald as, "putting themselves up for sale". Could this be to pressure Legacy to buy them out? Does Legacy care? I would guess they want to drill with Bowood but Bowood doesn't have the cash to proceed. A waiting game to be sure. There you have it....your random speculation for the day. Good luck everyone.