There's not going to be a buyout. It's simply a last ditch "pump" by FXEN. Even if there was any interest, a buyer would wait until FXEN is delisted, then by any assets for pennies. If any bagholders here are smart, they would admit I was right, take your 82 cents a share and move on.
Yeah, Ive been hearing this well prospect BS since 2002. Bottom line, in 13 years this company has not become profitable. Hence, the shares are below $1 a share. My suggestion is finding a company that has had some success/profit in drilling exploration, and take an educated risk/investment on that company. Trust me, if there was any chance of this company making money, it would of been taken over years ago.