Ann: BCPE Intends to Declare NIDO Offer Free of Conditions, page-11

It certainly is shaping up to be interesting few weeks ahead they have all but admitted they cannot get to 90% control with an offer of 5.5 cents. Now they are happy to have 50.1 % control I don't think so, I think they shot themselves in the foot in press releases stating the aim of full control to get their hands on galoc cash flow. If they can effect the same outcome via 50.1% shareholding ( if they reach this level) this is a positive for holders. I think we may have to thank otto for the recent release re galoc mid and north noting some serious untapped oil could be in the field untouched. Time to drop the exploration cut admin in half drop all secs and put all emphasis into developing galoc west linpacan and telophase at the string of pearls.