Ann: OFF-MARKET TAKEOVER BID FOR XCD ENERGY LIMITED, page-76

130Mil shares signed up with this deed (100% profit), 18.5% of XCD mmm interesting just read thru most of the info obviously 88 has been busy canvassing holders and working the numbers for support for some time I would suspect and most on that list were not in top 20 last year. Most registered around Perth/West Perth area. One of these holders even bought extra 2 mil for the list. Wonder who else on the list bought in recently??

The board of XCD will surely vote for the script offer, certain of this as they are broke and going nowhere, even the auditors are concerned. Our only hope now is that this matter goes back to the independent T/O panel (only if complaints raised to them), they might see conflicts or discover shares purchased prior to the deed being signed. If not and all above board then it comes down to the holders if greater than 10% of XCD holders vote against it. I suspect many will want more than what is offered as they all think they are sitting on a bonanza oil field, sounds familiar to me guys, lol, so how much will this eventually cost us all.. How much more are 88 going to other, this really concerns me.....

XCD pumped it's 1.6B oil discovery with COS less than 20% (this is inflated imo), realistically only around 13%. No tier 1 believes but good old 88 just love it!!! How much of this will be condensate, gas/water. Sadly the reality of a board spill is not looking good as top 20 holds almost 60% and most are funds in UK, so it's a waste of time and money. We are stuck with this mess guys.