Ann: Variation of Takeover Bid - Extension of Offer Period, page-3

If we can get two more of these two week extensions, with Gobi-1 expected to spud later this month, we might get a free look on the outcome and if it strikes oil then management will be in the hot seat with their recommendation and BCP maybe forced to review their offer. A few iffs there I know but it at least gives us a chance to put some pressure on for a better outcome. Personally, I'm surprised that BCP have taken the pressure of some nervous holders to make a decision without running this down to the wire. I'm hoping drilling starts at least a week before close of the offer.

ANZ