Ann: AOE Increased Unconditional Offer for Pure E, page-28

re: Ann: PES: AOE Increased Unconditional Off... roughday et al

I agree .. AOE is in a no lose situation. They have played the game well to date .. when the majors were circling last year and BG moved on QGC we saw AOE take on a BIg Brother in the form of Shell. This provided both $s, expertise and protection. Note that Shell has bought 30% of AOE's assets but not a controlling stake .. so AOE did well there in that it has heaps of cash to develop its acreage .. the largest CSG acreage in QLD. As such it HASA to be the last decent sized prize for the majors. Will someone (Shell, BG, STO or other) move on AOE ..? just a matter of time IMHO.

H