AZA anzon australia limited

proposed roc takeover, page-5

  1. whitepointer
    1,246 Posts.
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    19/08/08
    20:14
    Post #: 4125082
    A reserve upgrade today takes AZA 2P interest in BMG to 30mmboe which is a very healthy position. Production is set to increase in the near future and again in early 2010.
    ROC has reserves of 20 mmboe from a number of small fields, ROC also has a significant out of money hedge position $150m.

    This is a opportunist take over offer and my bidders statement will be going in the recycling bin this week.

    Time for the independent directors to do the same!
    AZA Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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