Ann: Beach Takeover Director's Response , page-15

Clearly the cooper basin shale gas is massive. Hence, beach clearing the decks early. 20c is low ball imo. BPT may get away with it. Should have offerred 25c and cleaned-up quick. That may still happen. I was forced to sell at 13c after buying at 9c several months ago. ADE has the goods but not the right team in charge it seems. A real pity for loyal holders. Interesting few days ahead, but if BPT get to 55% they effectively make all the decisions.