Ann: Proposed Demerger of Northern Basin Oil & Gas Business, page-13

I am not sure why we would want to split AJQ into two different companies to make it more tax efficient. Two lots of business costs, including additional money to pay for another Board, CEO, Secretary, accountants, auditors and so forth. Know that this the history of DGR and its daughter susidaries, and guess who is behind AJQ's senior management (have a look at the members of both these boards)......resulting in significant additonal annual pays, meeting attendances, bonus shares, capital raisings and underwritings. Again, look at DGR share price to see how that has been working!

Is this common for a company that has good potential to split into another company so that original shareholders have to put up more money so that can make possibly more profits? Surely if profits can be made then why not keep control of it by the same shareholders and the same board! I can see the management people will do very well from making a second entity but for the life of me I don't see the sense in this current move. My dollars have been spent buying shares in AJQ and I have accepted all the risks attached. Now I have to put in more dollars to own the same potential! $60-65 million is one hell of a lot of shares to sell in the new company.

What do more knowledgeable posters here think that AJQ shareholders will need to anti up to buy shares in this new company? 1 share entitlement for every 2 held at whatever the deemed price may be.