re: Ann: OEL: Clarification on Comments in Re... BPO...

re: Ann: OEL: Clarification on Comments in Re... BPO states:

"SC55: Frontier Gasfields holds an option over a 5% interest in the concession from SC55 consortium partner, Trans-Asia Oil and Energy Development Corp. The option is exercisable at any time, up to 150 days from the completion of the first exploration well on the block (see BioProspect announcement dated 7th March 2011 for more detail)."

OTTO states:

"Frontier Gasfields Pty Ltd does not have any entitlement to acquire an interest in Service Contract 55 as a partner or concession holder. Provisions of the Joint Operating Agreement amongst the partners in Service Contract 55 preclude an equity participant holding less than 10% equity in Service Contract 55;"

Sombody some where had better clear this up. Maybe ASIC should step in.

I have held BPO for a long time when it was running with natural wood oil to repel termites. They then went over to oil.

They also have an interest in Q-Cide....but have had no announcements regarding this product in ages. It was suppose to replace perthrin in fly spray.

This is not the first time there has been retraction and explanation back and forth from companies over announcements by BPO. When will they get it right.

Cheers