Ann: Ceasing to be a substantial holder, page-11

Agree no CR at this abysmal price level
No real need to anyway

AWE is in with STO on AAL - both have 50%, and Casino in Otway basin AWE 25% STO 50%
If STO acquired AWE they would then have AAL 100% and Casino 75%

AWE is in with ORG on Bass Gas AWE 35% ORG 42.5%, Waitsia AWE 50% ORG 50%
If ORG acquired AWE they would then have Bass Gas 77.5% and Waitsia 100%

I think AWE is a target
If not on the radar of STO then ORG

Maybe BPT might have a go

Clutching at straws here