Hi SB,
I think this is pretty explicit......
From the ann......
"Oil Basins Limited (ASX codes: OBL, OBLOB and/or Company) is pleased to advise the Australian Stock exchange that it has secured a Strategic Cornerstone Investment in the Company by Fortescue Metals Group Ltd (ASX code: FMG)."
While these are exciting times for OBL........FMG have now established a toe hold in the energy sector and more particularly in the Canning basin and with the following statement I believe the relationship between the two companies has the potential to expand dramatically.
From the ann.....
"Both parties have executed a confidentiality agreement and are working closely
together on new project and development opportunities within Australia."
JMHO
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- why no offical ann by fmg group.??
why no offical ann by fmg group.??, page-5
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