Ann: Appendix 3G, page-10

Hi Andy,
I only hold DGO but many times have wished I directly held DEG! Good questions, my feeling is that DEG and DGO are two peas in a pod and will only ever act in a way that benefits both..or should I say, what is good for the one is good for the other.

My feeling is also that DEG will continue to prove up enormous reserves, and will be taken out as you suggest at a much higher price. But DGO ensures a hostile takeover is off the table. DEG has got so big that anything else DGO does is now probably insignificant.

My guess is that DEG will eventually be a 6-ish billion company, making DGO a 1-ish billion dollar company, and we will be taken out at $16-ish/share with the blessing of DEG and DGO management.

That's my instinct on this, and my plan is to let go some of my holding at $8/share, and the rest at $16/share (or equivalent value scrip in a T/O)

All IMO/guesses/feelings, but you gotta have a plan right?