Ann: Section 708A Cleansing Notice and Appendix 3B, page-7

This is how I see it. OBL has done this well in the end. Backreef oil is in the corner on the ropes. OBL would still like BRU in on the title but this will only happen if they bail out Backreef so they will all end up with 25% with OXX and OBL at 37.5% each. Then OBL as the operator will farm out 50 % to a big player. With the 1.75 mill from OXX and the funds from the farm in the share price would be north of 5 cents. This should all be sorted by about 2 months time. If BPOL do nothing they will lose their 50 % and OBL will have 100% They will sell 25% to OXX and farm out .
It is a no brainer and I will not be selling my shares and even though I have said I wont I may buy some more if the price goes below 8 cents.