Ann: Trading Halt, page-40

Agree the numbers look neat, but we already had 55% with operatorship. An extra 45% of our smallest gas field wouldn't be sufficient to tip any potential acquirer into action IMHO. The only good thing about this deal is that I don't see any competing offer coming for TPD as we are the only logical buyer of TPD. Hence I am a bit bemused at the price being offered. A much cheaper alternative approach is to wait till TPD becomes really cash strapped and we become a cornerstone investor for their next cap raise at 12-14cps to acquire a nice chunk before we approach them to acquire the rest via scrip.

I understand there is a lot of common shareholders here who won't like my views but if you put your STX hat on and remove that conflict, I am sure you will understand where I am coming from

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