take a look at this , page-27

The deal will be approved .. but let's exam the very unlikely flip side that it doesnt ..

I think AED should do a share capital raising and keep the billion dollar project (which is its current value as indicated by the Sinopec offer prior to the oil price spiking further) all to themselves.

It can then bide its time until a reasonable billion dollar plus offer arrives from a medium sized Australian partner whilst bringing in consultants to help figure out the current production rate problem .

The consultants can help with careful planned drilling of new oil wells - to ensure that we dont have similar production problems - which will increase the flow rates to 20,000 bopd anyway.

The oil field is worth a lot more than AED's current share price ... and dont forget if Sinopec happens to disappear the whole buillion dollar field reverts back to AED.

So why should the share price even fall ..after all we now know that other companies value this field at a billion dollars plus.