30 40percent downgrade in reserve in aza, page-18

Clark888

This is a reported response from AZA regarding a downgrade of reserves.

" Nexus Energy (NXS.AX: Quote, Profile, Research) announced yesterday that its A$650 million takeover offer for Anzon Australia (AZA.AX: Quote, Profile, Research) had ended following disagreements over the value of Anzons Basker-Manta oil project off the coast of Victoria. Any suggestions that the [Basker] field reserves are down are just categorically false, said Anzon managing director Andrew Young. The two companies have substantial cross-holdings, with Nexus owning 19.2 percent of Anzon while the latter holds a 12.4 percent stake in Nexus. Page 15."

To my understanding categorically false means 100% wrong.