Comments from a paper in Perth.?Our move to increase to 20 per...

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    Comments from a paper in Perth.

    ?Our move to increase to 20 per cent was purely defensive in order to protect our own value,? Mr Davies said.

    ?Certainly there?s no problem with Beach coming in as a joint venture partner, we have great respect for Beach.

    ?They?re a good operator in their own right, and we look forward to them being a joint venture partner through their control in Impress.?

    Mr Davies said should Beach increase its offer for Impress shares in order to win over Victoria Petroleum, the board would consider their options.


    This is telling me that vpe are holding out for a higher price. But I don't think I can take the risk and wait for it. Bpt know they can pick off all the smaller shareholders up until Jan 21 and then offer a cent or so more to vpe!
 
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