takeover offer for rpm..., page-20

Not correct Ian D.

The QGC and the AGL holding are one and the same and they do not hold it yet.

This 19.16% of RPM is held by Oil Drilling and Exploration and was to be sold to QGC if no better offer came to hand.

This is all over now and the holding may well go to BOW.

The shareholders in RPM would do a lot worse than toss in their lot with BOW. Both companies would be stronger and BOW have better management. The RPM holders would see quicker and better development of their assets in the joint entity and would benefit from the added value in the BOW assets as well.

They will jump at it if Hudson is a winner. Cusiner already is an oil well awaiting testing.