why no offical ann by fmg group.??, page-5

Hi SB,

I think this is pretty explicit......

From the ann......

"Oil Basins Limited (ASX codes: OBL, OBLOB and/or Company) is pleased to advise the Australian Stock exchange that it has secured a Strategic Cornerstone Investment in the Company by Fortescue Metals Group Ltd (ASX code: FMG)."

While these are exciting times for OBL........FMG have now established a toe hold in the energy sector and more particularly in the Canning basin and with the following statement I believe the relationship between the two companies has the potential to expand dramatically.

From the ann.....

"Both parties have executed a confidentiality agreement and are working closely
together on new project and development opportunities within Australia."

JMHO