i have my concerns re merger, page-6

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Agree. there is definetly a people issue.
too many chiefs and not enough indians !!

As i stated before i am concerned about the prospects of a consolidation with a potential 1.6 billion shares on issue in the merged entity and the consequences of such a re-construction on the sp in the short to medium term.

As Barney quite rightly pointed out i have the option of taking the profit and moving on. I still reserve that option.
but as i also stated in my post i hope that a more suitable offer may be flushed out. I have now heard from 2 different people that there is a distinct possibility of this occurring. I heard from a broker friend in sydney today that GOG has had discussions with regards to a joint proposal from Odin energy and BLU. Maybe just talk but i've heard the similair story twice in 2 weeks, so who knows ?? Odin and BLU are both j/v partners in pel 106 so maybe there is some truth to it ?

I hold and watch for now