Ann: Derby Block Update & Backreef Oil, page-16

Outstanding cash calls $491K to OBL currently and more about to come

You don't pay you lose. Clear as that. BOPL will be in administration and not fit to hold a licence.

OBL 100%. The last announcement sent a clear sign.

BOPL have been holding their 50% in trust for BRU and have been shafted by BRU and think they can find a replacement in REY. Have BRU let BOPL out of their contract to do another deal. BOPL are desperate.

No matter what deals he does. No pay you lose.

I see why BRU and REY are not putting up monies for him because BOPL already has binding agreements predated to OBL. It includes as operator OBL can farmout to OXX 12.5% each for 875K.

OBL is the operator and that is worth big $. Look at how much BRU as operator has ripped off Mitsubishi. BRU $8 million dollar wells are done by BRU mates club. OBL puts the same job out to tender and gets it done for half the price.

This a good bet and worth a switch from BRU to OBL at these prices. Why have FMG, BRU and REY tried to pick up this dirt? Remember OBL have a deal with LNG for a gas plant. Who cares about oil, gas is the prize. 4.5M market cap. WHAT A BARGAIN!!!!!!!!!!!!!!!!!! I can see OBL taken over as soon as ownership is sorted. The vultures will want to hurry up before all the farm outs happen.

We all know once ownership is sorted and currently we are at the pointy end, that the Derby block is a great piece of dirt worth a hell of a lot more than OBL's market cap. OBL is the operator and will be the operator unless OBL are offered something they can not refuse or are taken over.

BOPL has not paid and they lose the block. BOPL is being hit by a sledge hammer from all sides.

BOPL is desperate and not getting an monetary support. As every day goes by BOPL's position gets worse as they go down the funnel.

BOPL's only hope is to negotiate with OBL. DYOR.