Below is an article from thewest.com.au. Read paragraph 4 -...

Below is an article from thewest.com.au. Read paragraph 4 - Apparently Bajada doesnt work for Excalibur anymore, looks like someone forgot to tell him.


Victoria bid team eye Target
9th April 2009, 6:00 WST

The Perth dealmakers behind last year’s attempted boardroom coup at Victoria Petroleum have teamed up to make a $3.6 million play for WA’s Target Energy.

In the latest sign that corporate activity in the energy sector is picking up, Blaze Asset, a takeover vehicle jointly owned by Odin Energy and Advance Energy, yesterday launched a cash and scrip bid for the junior.

Former Odin directors Alex Bajada and Anthony Short, now chairman and managing director at Advance, are two of the faces behind the deal.

Mr Bajada and Mr Short won a bid for seats on the board of Victoria Petroleum last year after dropping a long-running battle for a complete board overhaul.

Mr Bajada is the former head of Excalibur Mining, while Mr Short last month survived a move to dump him from the board of Vector Resources.

The complex bid would see Target shareholders pick up 0.01¢ cash and three Advance shares for every four shares they hold, valuing it about $3.6 million. The cash component of the bid would be supplied by Odin.

In a statement, Target advised its shareholders to take no action until it had reviewed the offer. However, it pointed out that the bid made no consideration for Target option holders.

Target is exploring for hydrocarbons in Louisiana and Texas, where Advance also has assets. Odin is exploring in South Australia’s Cooper Basin and in the US.

KATE EMERY