Dont sell, page-8

OEL are more likely to sell all or a % of Galoc to BCPE to fund future development of Galoc (if they only sell a %), fund SC55 drilling and/or EARS.

No way is anyone else going to have a go at NDO, with 54% the only question is, do BCPE have to raise the current offer price to get 75%+ or 90%, which ever they are gunning for, or will the play the long game & come back again in a few months with a higher offer to try & mop up the remaining shares.

IMO if they don't look like getting 75% they will either extend again or raise the offer. My guess is raise the offer as they can not afford to wait too long before positive news makes the SH's holding even more staunch.

IMO as long as MM Assets don't sell into the present offer I don't think they will get 75% in the time window & so BCPE will have to raise the offer to get over 75%. Thats what I am hoping for anyway.

I can't see why there are 11mil shares at 5.5c when, now that the offer is unconditional, they could just sign their forms & get 5.5c in 7 days with no brokerage ?