I just can't see, of all the majors we have around the world, not trying to take us out. This play has a huge amount of gas (of course it'll take time to see how much, reserves always increase as time goes on and drilling techniques, spacing etc are tweaked) and not to mention amazing economics. Also, with regards to the forest wells (not sure TLM released this info), but the gas is pretty much free of impurities...you can take it straight to the pipeline (which is pretty rare). Too many added bonuses come with this play, and I can definantely see someone trying to make an attempt at the company. For us shareholders, the best case is waiting for TLM to finish up their massive pilot program and hopefully with economic resutls...which will add huge credibility to the play and rule out speculation. From that point on (if we still haven't been bought out), the price of gas will dictate the sp's during the full production phase.

Any thoughts as to what you guys think about a potential buyout and who it could be. In my opinion, it won't neccessarily be TLM or FST. Encana is a huge NG player and we have enough land and royalty/interest that it would make it worth their while...especially with the kind of things I talked about earlier. Of course, I'm sure most will wait to see it play out a bit...but by then you can't get the discount like today.

Like to hear ppl's thoughts.

Rocco