There has been a difference in the top twenty share holders from...

There has been a difference in the top twenty share holders from the end of July to the 25th of August this will explain where the selling pressure is coming from please see below tables,

Not surprising the institutions are selling down as the share price was falling this is to be expected, on a good note individuals are holding and one even ac more shares,

In my opinion this is the situation:

Antares Energy is going to sell company/assets by maximum years end if not sooner this is why I believe so - the quarterly report showed future spending in the next quarter at $5m this is just enough to cover the drilling of one new well (Frances Dilworth No.7H).

In my opinion Antares had rumours of a potential offer prior to the quarterly report that is why spending in the corresponding quarter is only 5m and they plan to have the company sold and settled before No.8H is to be drilled (My opinion only)

Though if you look at the facts Frances Dilworth No.5H & Frances Dilworth No.6H drilling completed and awaiting fraccing now I believe they are leaving these for the take over company to complete or why else wouldnt you frac them $9m in the bank fraccing less than $1m it would make sense to frac to generate income unless they are part of the deal.

Another fact why run wireline logs on No.7H??? To show potential buyers the benefits available in the shale do not be surprised once drilling is complete no fraccing occurs on this well too. Once again this is just my opinion.

At present the share price is drastically undervalued I do not for one second think that there is a problem with the potential deal if anything it presents a fantastic buying opportunity of which I myself have taken advantage of and accumulated more shares at this ridiculous price.

The deal I believe will come very soon after No 7H has completed drilling, wireline logs and core samples taken.they all loyal shareholders will reap the well deserved rewards do not be surprised if JC gets 3X+ current share price!


As of the 29/07/2010


Twenty Largest
Shareholders Number of
Shares % of Issued
Shares
1 Citicorp Nominees PL 36,771,958 12.28%
2 HSBC Nominees Aust Ltd 35,777,511 11.95%
3 National Nominees Ltd 12,417,709 4.15%
4 Yandal Investments Ltd 12,200,000 4.08%
5 J P Morgan Nominees Aust Ltd 11,104,960 3.71%
6 James Cruickshank 9,173,333 3.06%
7 Link Traders Aust PL 6,143,864 2.05%
8 Collin A Mackellar 4,675,000 1.56%
9 ANZ Nominees Ltd 4,438,430 1.48%
10 Rodney Alexander Shea 4,073,000 1.36%
11 Essential Faith PL 3,537,500 1.18%
12 Tangled Blue Investments PL 2,861,255 0.96%
13 Mark Clohessy 2,715,000 0.91%
14 Johjam PL 2,490,000 0.83%
15 Merrill Lynch Aust Nominees PL 2,367,298 0.79%
16 Takhar Jaswinder 1,902,009 0.63%
17 Ingrid Miriam Seton 1,830,000 0.61%
18 Howard McLaughlin 1,775,500 0.59%
19 Vivienne F MacMahon 1,600,000 0.53%
20 Jonathan B Kerr-Sheppar 1,570,000 0.52%
Totals 159,424,327 53.23%

AS AT 25 AUGUST 2010

Twenty Largest
Shareholders Number of
Shares % of Issued
Shares
1 Citicorp Nominees PL 35,732,498 11.94%
- 1,039,460 Shares

2 HSBC Nominees Aust Ltd 33,694,597 11.26%
- 2,082,914 Shares

3 Yandal Investments Ltd
12,200,000 4.08%

4 James Cruickshank
9,173,333 3.06%

5 National Nominees Ltd
8,697,387 2.91%
- 3,720,322 Shares

6 Brispot Nominees PL
4,997,000 1.67%

7 Link Enterprises International
4,795,864 1.60%
- 1,348,000 Shares

8 ANZ Nominees Ltd
4,708,490 1.57%
+ 270,060 Shares

9 Collin A MacKellar
4,675,000 1.56%

10 Rodney Alexander Shea 4,073,000 1.36%

11 Essential Faith PL 3,537,500 1.18%

12 JP Morgan Nominees Aust Ltd
3,468,808 1.16%
- 7,636,152 Shares

13 B L & V R D Williams
3,000,000 1.00%

14 Tangled Blue Investments PL
2,861,255 0.96%

15 Mark Clohessy
2,715,000 0.91%

16 Johjam PL
2,490,000 0.83%

17 Merrill Lynch Aust Nominees PL
2,357,224 0.79%
-10,074 Shares
18 Takhar Jaswinder
2,236,384 0.75%
+ 334,375 Shares

19 Ingrid Miriam Seton
1,830,000 0.61%

20 Howard McLaughlin
1,775,500 0.59%

Totals 149,018,840 49.79%
- 10,407,487 Shares