business

'The West Australian" 9/01/07
Neptune continues with sub sea deal.
The purchase is Neptunes fourth in six months and MD c. Lange has put investors on notice to expect others
"I think we can safely say there is more to come"
The total package could be worth $10m to the previous owners.
"It really depends on performance,i dont mind paying....if they generate the earnings I'm happy to hand over the payment"he said.
Subseas clients which include,Woodside Petroleum,Roc OIl and US-based Apache Energy, had received the news of the aquistion well.
Mr Lange said the last four aquistions has helped turn the company around.

What a breath of fresh air to hear a MD state that he is happy to pay out money if they generate the earnings.
Also a big vote of confidence by the Woodside's etc.

Well done Mr Lange & co