trading halt, page-22

The only thing I don't like here is the wording "substantial corporate transaction".

I couldn't understand why they didn't say "farm out transaction" if it was about the Merlineligh JV.

I would be very angry if they are selling a substential amount of shares to the Chinese investors, or a Chinese company like PetroChina. That has happened to REY. The Chinese investors have already taken over REY without the permission (not needed) of FIRB (Foreign Investment Review Board).

China is very short on energy, especially gas. I am watching the Chinese economy and its shale O&G industry very closely. They have huge problems with their shale O&G resources despite they have the biggest shale O&G potential in the world. But it seems that they will never come close to the successs of US even in the next 10 years. They may even not produce anything considerable in the near future because their main shale O&G basins have different major problems. (I know the details, I will give them later).

Same for the other Shale O&G comapanies of the world. Conoco is pulling out of Poland shales, while they still exploring in Canning, Apache is now selling their shares in Argantina shale resources while they have already come to Canning and madE JV with Buru.

Therefore, this "substantial corporate transaction" could be something else. But I hope it won't be something which NSE is going to dilute our shares. I wouldn't accept it when it is asked to the shareholders.